Car Wash
Zips Car Wash
2073 FM 423, Little Elm, TX 75068
Listing Price: $5,080,852
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Zips Car Wash located at 2073 FM 423 in Little Elm, Texas. The site consists of roughly 6,083 rentable square feet of building space on estimated 1.62-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 $292,149 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: $5,080,852
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 2073 FM 423 in Little Elm, Texas. The site consists of roughly 6,083 rentable square feet of building space on estimated 1.62-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 $292,149 and is scheduled to increase by 1.75% annually throughout the base term and in each of the 2, 10-year renewal options.
