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Car Wash

Zips Car Wash

3008 S Congress Ave, Boynton Beach, FL 33426

Listing Price: $6,036,417

Cap Rate
5.75%
Tenant Name
Zips Car Wash, LLC
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
4,617
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$75.18

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.

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

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $6,036,417

Cap Rate
5.75%
Tenant Name
Zips Car Wash, LLC
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
4,617
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$75.18

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.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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