Car Wash
Zips Car Wash
3008 S Congress Ave, Boynton Beach, FL 33426
Listing Price: $6,036,417
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Zips Car Wash located at 3008 S Congress Avenue in Boynton Beach, Florida. The site consists of roughly 4,617 rentable square feet of building space on estimated 0.88-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 $347,094 and is scheduled to increase by 1.75% annually throughout the base term and in each of the 2, 10-year renewal options.
Listing Price: $6,036,417
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 3008 S Congress Avenue in Boynton Beach, Florida. The site consists of roughly 4,617 rentable square feet of building space on estimated 0.88-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 $347,094 and is scheduled to increase by 1.75% annually throughout the base term and in each of the 2, 10-year renewal options.
