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693 S Willow Ave - Zips Car Wash

4,038 SF Specialty Building Offered at $3,600,632 at a 7.75% Cap Rate in Cookeville, TN 38501

Car Washes Tennessee Cookeville 693 S Willow Ave, Cookeville, TN 38501

Investment Highlights

  • Triple Net Lease with 13+ years remaining and 1.5% annual increases.
  • Situated on Willow Ave N, a major thoroughfare connecting Interstate 40 and downtown Cookeville
  • Average household income: $72,976
  • Potential for 60% Bonus Depreciation through the Tax Cuts and Jobs Act of 2017 (Consult your CPA)
  • High traffic visibility with an average of 21,030 vehicles per day
  • Zips Car Wash is a leading operator with over 280 locations across 25 states

Attachments

Zips Car Wash - Cookeville, TN CoStar MP

Property Facts

Price $3,600,632 Building Class C
Price Per SF $892 Lot Size 0.76 AC
Sale Type Investment Building Size 4,038 SF
Cap Rate 7.75% No. Stories 1
Property Type Specialty Year Built 2012
Property Subtype Car Wash Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $3,600,632
Price Per SF $892
Sale Type Investment
Cap Rate 7.75%
Property Type Specialty
Property Subtype Car Wash
Building Class C
Lot Size 0.76 AC
Building Size 4,038 SF
No. Stories 1
Year Built 2012
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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PROPERTY TAXES

Parcel Number 066A-A-009.03 Improvements Assessment $168,720
Land Assessment $132,000 Total Assessment $300,720

PROPERTY TAXES

Parcel Number
066A-A-009.03
Land Assessment
$132,000
Improvements Assessment
$168,720
Total Assessment
$300,720

zoning

Zoning Code CG
CG
(612) 332-6600

Contacts

  • Listing ID: 33612328

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 693 S Willow Ave, Cookeville, TN 38501

More public record information on 693 S Willow Ave, Cookeville, TN 38501

The Specialty Property at 693 S Willow Ave, Cookeville, TN 38501 is currently available for sale. Contact Upland Real Estate Group, Inc. for more information.

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693 S Willow Ave, Cookeville, TN for sale Primary Photo- Image 1 of 2
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693 S Willow Ave - Zips Car Wash
(612) 332-6600 x

693 S Willow Ave - 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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