220 South Hall Rd - Car Washes FOR SALE
Alcoa, TN 37701 |
$3,738,567 USD
332-345-4206
220 South Hall Rd
Alcoa, TN 37701
HIGHLIGHTS
- Long Term Absolute Triple Net Lease | The lease features over fourteen (14) years remaining on an absolute triple net (NNN) lease
- Eligible for 100% Bonus Depreciation | The property qualifies for 100% bonus depreciation
- Strengthened Zips Brand | Zips recently emerged from bankruptcy with a stronger financial position
OVERVIEW
Surmount is pleased to present the exclusive listing for a Zips Car Wash located at 220 S Hall Road, Alcoa, TN 37701. The site consists of roughly 6,644 rentable square feet of building space on an estimated 2.11-acre parcel of land. This Zips Car Wash is subject to a 15-year Triple Net (NNN) lease, which commenced 5/1/2025. The current annual rent is $237,399 and has scheduled increases of 1.75% annually.
FOR SALE DETAILS
PRICE
$3,738,567 USD
PRICE/SF
$1,125 USD /SF
CAP RATE
6.35%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Zips Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1993
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.11 AC
LAND SF
91,912 SF
ZONING
E
APN/PARCEL ID
047P-A-026.01
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332-345-4206
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332-345-4206
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