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1565 N Germantown Pky - Zips Car Wash

4,628 SF Specialty Building Offered at $3,608,787 at a 7.75% Cap Rate in Cordova, TN 38016

Car Washes Tennessee Cordova 1565 N Germantown Pky, Cordova, TN 38016

Investment Highlights

  • Triple Net Lease with 13+ years remaining and 1.5% annual increases
  • Located along North Germantown Pkwy, traffic counts average 30,000+ vehicles daily.
  • Zips is a proven operator with 280 locations across 28 states.
  • Potential for 60% Bonus Depreciation through the Tax Cuts and Jobs Act of 2017 (Consult your CPA). Tennessee is a No Income Tax State.
  • 5-mile average household income of $107,566 and population of 161,763.
  • Strong retail presence featuring national brands like Kroger, HomeGoods, Marshalls, ALDI, Starbucks, Five Below, AutoZone, and more

Attachments

Zips Car Wash - Cordova, TN CoStar MP

Property Facts

Price $3,608,787 Building Class B
Price Per SF $780 Lot Size 1.00 AC
Sale Type Investment Building Size 4,628 SF
Cap Rate 7.75% No. Stories 1
Property Type Specialty Year Built 2006
Property Subtype Car Wash Parking Ratio 5.83/1,000 SF
Price $3,608,787
Price Per SF $780
Sale Type Investment
Cap Rate 7.75%
Property Type Specialty
Property Subtype Car Wash
Building Class B
Lot Size 1.00 AC
Building Size 4,628 SF
No. Stories 1
Year Built 2006
Parking Ratio 5.83/1,000 SF

Amenities

  • Bus Line
  • Signage
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Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 09-6500-0-0585 Improvements Assessment $354,400
Land Assessment $260,720 Total Assessment $615,120

PROPERTY TAXES

Parcel Number
09-6500-0-0585
Land Assessment
$260,720
Improvements Assessment
$354,400
Total Assessment
$615,120

zoning

Zoning Code Commercial
Commercial
(612) 332-6600

  • Listing ID: 33612196

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 1565 N Germantown Pky, Cordova, TN 38016

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1565 N Germantown Pky - Zips Car Wash
(612) 332-6600 x

1565 N Germantown Pky - Zips Car Wash

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Keith Sturm

(612) 332-6600

(612) 332-6600

Amanda Leathers

(612) 436-0045

(612) 436-0045

Deborah Vannelli

(612) 376-4475

(612) 376-4475

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