300 Simmons Rd - Car Washes FOR SALE


Knoxville, TN 37922
$4,000,000 USD
925-519-1546
300 Simmons Rd, Knoxville, TN for Sale
$4,000,000 USD
Car Washes - FOR SALE
1/2
null | 6.24% Cap Rate

300 Simmons Rd
Knoxville, TN 37922


HIGHLIGHTS

  • Stabilized absolute NNN investment backed by Mammoth Car Washes, a rapidly expanding national operator with 150+ locations and a corporate guarantee
  • Long-term, hands-free asset secured by Mammoth Car Washes—one of the nation’s fastest-growing car wash brands with proven operational strength
  • Ideal 1031 exchange replacement property featuring a 16-year corporate lease, with 1.5% annual increases, and an absolute triple-net structure

OVERVIEW

Premier Absolute NNN Investment Opportunity – Knoxville, TN Now available is a rare fee-simple investment in Knoxville, Tennessee, secured by a long-term, corporate-backed lease with Mammoth Car Washes, one of the fastest-growing car wash operators in the U.S. with 150+ locations nationwide. This property offers zero landlord responsibilities, making it an ideal 1031 exchange option or hands-free addition to any investment portfolio. The tenant recently executed a 20-year primary lease term, with 16 years of guaranteed income remaining. Rent escalates 1.5% annually, providing consistent, built-in income growth throughout the term and into the four (4) additional 5-year option periods—each also featuring rental increases. Mammoth Car Washes provides a full corporate guarantee, reinforcing the stability and security of the income stream. The absolute triple-net structure ensures investors have no exposure to operating expenses, repairs, maintenance, taxes, or insurance. Additionally, the property qualifies for accelerated depreciation, offering meaningful tax advantages for investors seeking to optimize after-tax returns. Key Highlights: Long-term lease with 16 years remaining Absolute NNN – Zero landlord responsibilities Corporate guaranteed lease by Mammoth Car Washes (150+ locations) 1.5% annual rental increases Four (4) 5-year option periods with scheduled rent bumps Fee-simple ownership in a strong Knoxville market Ideal for 1031 exchange buyers Eligible for accelerated depreciation, enhancing investment yield

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$942 USD /SF

CAP RATE

6.24%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PureMagic Carwash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,591 SF

ZONING

-

APN/PARCEL ID

131JA-030

ASK ABOUT THIS PROPERTY

MIKE ROESBERYMD Roesbery INCMore Info
925-519-1546

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MIKE ROESBERYMD Roesbery INCMore Info
925-519-1546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.