Covington, GA - Zips Car Wash
$4,262,000
9191 Ga 143, Covington, GA 30014
For Sale
Retail
Active
Last Updated: 09/17/2024
6.5
Cap Rate
277,019
NOI
Details:
Cap Rate: 6.5%
NOI: $277,019
Building Size: 4,777 sqft
Description:
• 18+ years of remaining lease term with 4 (5-year) options to extend
• The lease features 1.75% annual rental increases
• Corporate lease signature from Zips Car Wash, LLC, a private company with more than 280 units under operation
• Zips Car Wash is positioned off State Hwy 142 (26,000 VPD) which is positioned between Interstate 20 and State Hwy 278 providing an additional 88,900 VPD to the immediate trade area
• National credit tenants in the immediate trade area include Sherwin-Williams, Walmart Supercenter, Ace Hardware, ALDI, Starbucks, Mavis Discount Tire, Planet Fitness, Big Lots and many others
• Strong tenant synergy promotes crossover shopping to the subject property
Location

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