Powell, TN - Zips Car Wash
$5,469,000
592 E. Emory Rd, Powell, TN 37849
For Sale
Retail
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
Location
Gallery
