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Car Wash

Zips Car Wash

220 S Hall Rd, Alcoa, TN 37701

Listing Price: $4,026,330

Cap Rate
5.75%
Tenant Name
Zips Car Wash, LLC
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
3,322
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$69.69

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Zips Car Wash located at 220 South Road in Alcoa, Tennessee. The site consists of roughly 3,322 rentable square feet of building space on estimated 1.06-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 $231,514 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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Car Wash

Zips Car Wash

Listing Price: $4,026,330

Cap Rate
5.75%
Tenant Name
Zips Car Wash, LLC
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
3,322
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$69.69

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 220 South Road in Alcoa, Tennessee. The site consists of roughly 3,322 rentable square feet of building space on estimated 1.06-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 $231,514 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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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