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Car Wash

Zips Car Wash

440 W New Cir Rd, Lexington, KY 40511

Listing Price: $2,854,427

Cap Rate
5.85%
Tenant Name
Zips Car Wash, LLC
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
4,059
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.14

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Zips Car Wash located at 440 W New Circle Road located Lexington, Kentucky. The site consists of roughly 4,059 rentable square feet of building space on estimated 1.16-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 $166,984 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 15.15 Years Remaining
  • 1.75% Rental Increases Occurring Annually

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Car Wash

Zips Car Wash

Listing Price: $2,854,427

Cap Rate
5.85%
Tenant Name
Zips Car Wash, LLC
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
4,059
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.14

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 15.15 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 440 W New Circle Road located Lexington, Kentucky. The site consists of roughly 4,059 rentable square feet of building space on estimated 1.16-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 $166,984 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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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