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Car Wash

Zips Car Wash

10220 E 61st St, Tulsa, OK 74133

Listing Price: $3,143,077

Cap Rate
5.85%
Tenant Name
Zips Car Wash, LLC
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
4,915
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.41

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Zips Car Wash located at 10220 E 61st Street in Tulsa, Oklahoma. The site consists of roughly 4,915 rentable square feet of building space on estimated 1.08-acre parcel of land. This Zips Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 29th, 2017. The current annual rent is $183,870 and is scheduled to increase by 1.75% annually throughout the base term and in each of the 2, 10-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 15.14 Years Remaining
  • 1.75% Rental Increases Occurring Annually

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Car Wash

Zips Car Wash

Listing Price: $3,143,077

Cap Rate
5.85%
Tenant Name
Zips Car Wash, LLC
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
4,915
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.41

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 15.14 Years Remaining
  • 1.75% Rental Increases Occurring Annually

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Zips Car Wash located at 10220 E 61st Street in Tulsa, Oklahoma. The site consists of roughly 4,915 rentable square feet of building space on estimated 1.08-acre parcel of land. This Zips Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 29th, 2017. The current annual rent is $183,870 and is scheduled to increase by 1.75% annually throughout the base term and in each of the 2, 10-year renewal options.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

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