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International Car Wash Group & Take 5 Oil Change Combo

Russellville, Arkansas

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Marcus & Millichap is pleased to present the exclusive listing for the International Car Wash Group & Take 5 Combo Site. The tenant will enter into a brand new, 20-year triple-net (NNN) lease upon close of escrow with absolutely no landlord responsibilities. The base annual rent will be$203,450 and will be subject to 1.50% annual rental escalations throughout the base term as well as the four, five-year tenant renewal option periods.

✓ 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-Net Lease. The Lease Will Have No Landlord Responsibilities.
✓ Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) “ICWG” and the More Than 950 Locations Across Europe, Australia and the U.S.
✓ Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation

Key Details

Price:
$3,952,241
Cap Rate:
5.15%
Annual Rent:
$203,540
Address:
2207 E Main St, Russellville, Arkansas
Property Type:
Net-Leased Car Wash & Oil Change
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Yeaers
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years from Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
1.50% Annually
Lot Size:
1.69 Acres
Building Size:
5,935 SF
Tenant:
International Car Wash Group & Take 5 Oil Change Combo

Broker of record

Anne Williams

License: PB00066390


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