Take 5 Car Wash

Memphis, Tennessee

NNN Pro Group is pleased to present the exclusive listing for an ICWG located at 2750 S. Perkins Road in Memphis, Tennessee. Built in 2007, the site consists of roughly 3,367 rentable square feet of building space on estimated 1.34-acre parcel of land. This ICWG is subject to a 16-year absolute triple-net (NNN) lease with zero landlord responsibilities. The current annual rent is $68,948 and is scheduled to increase by 1.50% annually.

About the Investment:

✓ Long Term Lease With Zero Landlord Responsibilities: Triple-Net (NNN) Lease With Approximately 16 Years Remaining On Initial Term
✓ Accelerated & Bonus Depreciation: This Property Qualifies for Both 80% Bonus Depreciation & 15 Year Accelerated Depreciation
✓ Attractive Annual Increases: Annual Rental Increases of 1.50%
✓ Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) “ICWG” and the More Than 1,100 Locations Across Europe, Australia and the U.S.