Zips Car Wash

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