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Last updated on October 29th, 2024

Zips Car Wash

$4,143,417

1565 N. Germantown Parkway, Memphis, Tennessee 38016


Building Size4,628 Square Feet
Land Size1 Acres
Zoning-
Year Built2006

Strong Lease Term:

  • Triple Net Lease with 13+ years remaining
  • 1.5% annual rent increases
  • Solid Rent Coverage

Tax Advantages:

  • Potential for 60% Bonus Depreciation through the Tax Cuts and Jobs Act of 2017 (Consult your CPA)
  • Tennessee is a No Income Tax State

Prime Location:

  • Strategically located on North Germantown Parkway, a major throughfare with 30,000+ vehicles passing daily

Strong Demographics

  • 5-mile population: 161,763
  • Average household income: $107,566

Thriving Market:

  • Strong retail presence featuring national brands like Kroger, HomeGoods, Marshalls, ALDI, Starbucks, Five Below, AutoZone, and more

Proven Operator:

  • Zips Car Wash is a leading operator with over 280 locations across 25 states
  • Benefit from their extensive experience and proven business model

Cordova:

  • Located less than 30 minutes from the heart of Memphis
  • One of the fastest growing neighborhoods in Memphis

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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