592 E Emory - Zips Car Wash - Powell TN

4,380 SF Specialty Building Offered at $5,469,000 at a 6.50% Cap Rate in Powell, TN 37849

Investment Highlights

  • Strategically Positioned | Across From Knoxville Medical Center | National Credit Tenant Synergy
  • 15+ Years | Corporate Lease Signature (Zips Car Wash, LLC) | 1.50% Annual Rental Increases | Options to Extend

Executive Summary

15 year corporate lease.

Property Facts

Price $5,469,000
Price Per SF $1,249
Sale Type Investment
Cap Rate 6.50%
Property Type Specialty
Property Subtype Car Wash
Building Class C
Lot Size 1.26 AC
Building Size 4,380 SF
No. Stories 1
Year Built 2016
Tenancy Single
Parking Ratio 4.57/1,000 SF

PROPERTY TAXES

zoning

Zoning Code CG (General Commercial)
  • Listing ID: 32060448

  • Date on Market: 6/7/2024

  • Last Updated:

  • Address: 592 E Emory, Powell, TN 37849