Car Wash
Zips Car Wash
440 W New Cir Rd, Lexington, KY 40511
Listing Price: $2,854,427
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.
Listing Price: $2,854,427
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.
