Zips Car Wash

Strong Lease Terms:

• 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:

• Located on Hacks Cross Road, a major throughfare with 37,000+ VPD
• Located off Hwy 385, with traffic counts of 84,000+ VPD

Strong Demographics

• 5-mile population: 164,365
• Average household income: $115,191

Educational Hub:

• Located near Southwind High School, Southwind Elementary School, Power Center Academy, and Lowrance K-8 School

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

Memphis:

• Known as the “Birthplace of Rock ‘n’ Roll”
• City has rich cultural heritage and strong tourism draw