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Zips Car Wash 4234 Hacks Cross Rd

4,751 SF Retail Building Memphis, TN 38125 £2,842,977 (£598/SF) 7% Net Initial Yield

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.

Attachments

Zips Car Wash - Memphis, TN CoStar MP

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
4,751 SF
Year Built
2006
Price
£2,842,977
Price Per SF
£598
Net Initial Yield
7%
NOI
£199,008
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Land Acres
1.04 AC
Frontage
184 ft on Waterford Pl
1 of 1

PROPERTY TAXES

Parcel Number D0-242-0-0435 Improvements Assessment £338,661
Land Assessment £167,545 Total Assessment £506,207

PROPERTY TAXES

Parcel Number
D0-242-0-0435
Land Assessment
£167,545
Improvements Assessment
£338,661
Total Assessment
£506,207
(612) 332-6600

  • Listing ID: 33612124

  • Date on Market: 23/10/2024

  • Last Updated:

  • Address: 4234 Hacks Cross Rd, Memphis, TN 38125

The Retail Property at 4234 Hacks Cross Rd, Memphis, TN 38125 is currently available For Sale. Contact Upland Real Estate Group, Inc. for more information.

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4234 Hacks Cross Rd, Memphis, TN for sale Primary Photo- Image 1 of 2
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© 2024 CoStar Group

Zips Car Wash | 4234 Hacks Cross Rd
(612) 332-6600 x

Zips Car Wash | 4234 Hacks Cross Rd

1/3

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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