3603 N Loy Lake Rd Sherman, TX 75090

Listing agency SURMOUNT g***@nnnpro.com Show Phone

Listed by Richard Nardi · License #NY 10401294015

Source Crexi

Added: Apr 12 Updated: Jul 21 at 7:52AM Checked: Jul 21 at 7:52AM

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Investment Insights

Based on property information with market context.

Marcus & Millichap presents an ICWG car wash investment at 3603 N Loy Lake Rd in Sherman, TX, offered on a triple-net basis. The tenant signed a brand-new 20-year triple-net (NNN) lease in December 2020 with absolutely no landlord responsibilities.

Current annual rent is $291,532. The lease includes 1.85% annual rental escalations starting Year 7 throughout the remainder of the base term, as well as four, five-year tenant renewal option periods.

The lease is supported by a corporate guarantee from International Car Wash Group LTD. (UK), which operates more than 950 locations throughout the United States and internationally.

Key Highlights

• ICWG car wash in Sherman, TX with a new 20‑year triple‑net (NNN) lease signed in December 2020
• Tenant has no landlord responsibilities under the lease
• Corporate guarantee from International Car Wash Group LTD. (UK)

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FAQs

What type of property is this?

NNN property - ICWG car wash with a new 20-year triple-net lease signed in December 2020, including 1.85% escalations starting Year 7.

Where is this nnn property located?

The property is located at 3603 N Loy Lake Rd Sherman, TX.

What are key features of this property?

This property features: ICWG car wash in Sherman, TX with a new 20‑year triple‑net (NNN) lease signed in December 2020; Tenant has no landlord responsibilities under the lease; Corporate guarantee from International Car Wash Group LTD. (UK)