Zips Car Wash

Investment Highlights

• Brand new 20-year NNN lease
• Corporate lease guaranty
• Annual 1.5% rent increases
• Strong increasing sales at this location
• 2nd largest express car wash operator
• Fastest growing chain in the U.S.
• Recent renovation in 2016
• New cutting edge LED lighting
• Priced below replacement cost
• Tax advantages to ownership
• Adjacent to Kroger, CVS, McDonald’s
• Adjacent to I-75/I-640 highway exit
• Located on main retail corridor
• Strong traffic counts
• 162,000+ people with 5 miles
• Bonus depreciation in 1st year as a result of recent tax reform

Offering Summary

  • Price: $2,950,000
  • CAP: 6.78%
  • GLA: 2,800 Ft
  • Price/SF: $1,053.57
  • Site Area: .08 Acres
  • Lease Term: 25 Years

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