Zips Car Wash | 4234 Hacks Cross Rd
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Zips Car Wash 4234 Hacks Cross Rd
4,751 SF Retail Building Memphis, TN 38125 $3,250,400 ($684/SF) 7.75% Cap Rate
Investment Highlights
- Triple Net Lease with 13+ years remaining and 1.5% annual increases.
- Located along Hack Cross Road, where traffic counts average 37,000+ VPD.
- 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 $115,191 & population of 164,365.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
4,751 SF
Year Built
2006
Price
$3,250,400
Price Per SF
$684
Cap Rate
7.75%
NOI
$251,906
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.04 AC
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | D0-242-0-0435 | Improvements Assessment | $428,680 |
| Land Assessment | $212,080 | Total Assessment | $640,760 |
PROPERTY TAXES
Parcel Number
D0-242-0-0435
Land Assessment
$212,080
Improvements Assessment
$428,680
Total Assessment
$640,760
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Zips Car Wash | 4234 Hacks Cross Rd
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