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Powell, TN - Zips Car Wash

$5,469,000

592 E. Emory Rd, Powell, TN 37849

Active
Last Updated: 06/11/2024

6.5

Cap Rate

355,504

NOI

Details:
Cap Rate:    6.5%
NOI:    $355,504
Building Size:    4,380 sqft
Description:

• 15+ years of remaining lease term with 4 (5-year) options to extend
• The lease features 1.50% 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 across from North Knoxville Medical Center which provides over 200 staffed beds to the greater market
• National credit tenants in the immediate trade area include Chick-fil-A, Five Guys, Texas Roadhouse, McDonald’s, Starbucks, CVS and many others
• Strong tenant synergy promotes crossover shopping to the subject property

Map:
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