3955 Ashley Phosphate Rd - Zips Car Wash
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3955 Ashley Phosphate Rd - Zips Car Wash
5,039 SF Specialty Building Offered at $3,582,235 at a 7.65% Cap Rate in Charleston, SC 29418
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- 1.00% Rental Increases Occurring Annually
- Approximately 14 Years Remaining
- Atlantic Street Capital Recently Announced it has made an Additional $70 Million Investment to Further Support Zips Car Wash
Executive Summary
The NNN Pro Group is pleased to present the exclusive listing for the Zips Car Wash located at 3955 Ashley Phosphate Road, North Charleston, SC 29418. The site will consist of roughly 5,039 rentable square feet of building space on estimated 0.66-acre parcel of land. The Zips Car Wash is subject to an absolute triple-net (NNN) lease that commenced on 12/28/2018. The initial annual rent will be $274,041 and is scheduled to increase by 1.00% annually through the base term and continuing through 6, 5-Year Options.
Property Facts
| Price | $3,582,235 | Lot Size | 0.66 AC |
| Price Per SF | $711 | Building Size | 5,039 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.65% | Year Built | 2007 |
| Property Type | Specialty | Tenancy | Single |
| Property Subtype | Car Wash | Parking Ratio | 6.75/1,000 SF |
| Building Class | C |
| Price | $3,582,235 |
| Price Per SF | $711 |
| Sale Type | Investment |
| Cap Rate | 7.65% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 5,039 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| Tenancy | Single |
| Parking Ratio | 6.75/1,000 SF |
PROPERTY TAXES
| Parcel Number | 172-15-15-020 | Improvements Assessment | $120,948 |
| Land Assessment | $62,580 | Total Assessment | $183,528 |
PROPERTY TAXES
Parcel Number
172-15-15-020
Land Assessment
$62,580
Improvements Assessment
$120,948
Total Assessment
$183,528
zoning
| Zoning Code | C |
| C |
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3955 Ashley Phosphate Rd - Zips Car Wash
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