Zips Car Wash Knoxville

Investment Highlights

  • Grocery Anchored Retail Center
  • 100% BONUS DEPRECIATION – Based on new Tax Law
  • Brand NEW 20 Year Absolute NNN Lease
  • 1.5% Annual Rent Bumps
  • Top 10 Performing Location in the chain
  • Zero Landlord Responsibility
  • Corporate Guaranteed Lease
  • Fastest Growing Car Wash Chain in the US
  • 122 Current Locations Expanding to 166 locations in the next 90 days
  • 130,000 Monthly Subscription Members and growing
  • Strong Corporate Financials and Balance Sheet
  • Out-Lot Parcel to Lowes and Food City
  • Adjacent to Wal-Mart Supercenter & Home Depot

Offering Summary

  • Price: $5,800,000
  • CAP Rate: 6.73%
  • 2021 CAP: 7.04%
  • Lease Term: 20 Years
  • GLA: 4,100 Square Feet
  • Site Area: 1 Acres

 

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Interested in this property? Call us at 317-844-0700 or email us.