440 W New Circle Rd - Car Washes FOR SALE


Lexington, KY 40511
$2,295,928 USD
332-345-4206
440 W New Circle Rd, Lexington, KY for Sale
$2,295,928 USD
Car Washes - FOR SALE
1/3
null | 6.6% Cap Rate

440 W New Circle Rd
Lexington, KY 40511


HIGHLIGHTS

  • Long Term Absolute Triple Net Lease
  • Eligible for 100% Bonus Depreciation
  • Strengthened Zips Brand
  • Attractive Annual Increases

OVERVIEW

Surmount and Bang Realty are pleased to present the exclusive listing for a Zips Car Wash located at 440 W New Circle Road, Lexington, KY 40511. The site consists of roughly 8,118 rentable square feet of building space on an estimated 2.32-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 $151,531 and has scheduled increases of 1.75% annually.

FOR SALE DETAILS

PRICE

$2,295,928 USD

PRICE/SF

$566 USD /SF

CAP RATE

6.6%

% 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

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.32 AC

LAND SF

101,059 SF

ZONING

B-6P

APN/PARCEL ID

16696757

ASK ABOUT THIS PROPERTY

Russell WachtlerSurmountMore Info
332-345-4206

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

Russell WachtlerSurmountMore Info
332-345-4206

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