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220 South Hall Rd - Zips Car Wash 3,322 SF Specialty Building Offered at $3,738,567 at a 6.35% Cap Rate in Alcoa, TN 37701
Investment Highlights
- Long Term Absolute Triple Net Lease | The lease features over fourteen (14) years remaining on an absolute triple net (NNN) lease
- Strengthened Zips Brand | Zips recently emerged from bankruptcy with a stronger financial position
- Eligible for 100% Bonus Depreciation | The property qualifies for 100% bonus depreciation
Executive Summary
Surmount is pleased to present the exclusive listing for a Zips Car Wash located at 220 S Hall Road, Alcoa, TN 37701. The site consists of roughly 6,644 rentable square feet of building space on an estimated 2.11-acre parcel of land. This Zips Car Wash is subject to a 15-year Triple Net (NNN) lease, which commenced 5/1/2025. The current annual rent is $237,399 and has scheduled increases of 1.75% annually.
Property Facts
| Price | $3,738,567 | Building Class | B |
| Price Per SF | $1,125.40 | Lot Size | 2.11 AC |
| Sale Type | Investment | Building Size | 3,322 SF |
| Cap Rate | 6.35% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1993 |
| Property Subtype | Car Wash | ||
| Zoning | E | ||
| Price | $3,738,567 |
| Price Per SF | $1,125.40 |
| Sale Type | Investment |
| Cap Rate | 6.35% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 2.11 AC |
| Building Size | 3,322 SF |
| No. Stories | 1 |
| Year Built | 1993 |
| Zoning | E |
Property Taxes
| Parcel Number | 047P-A-026.01 | Improvements Assessment | $178,520 |
| Land Assessment | $166,000 | Total Assessment | $344,520 |
Property Taxes
Parcel Number
047P-A-026.01
Land Assessment
$166,000
Improvements Assessment
$178,520
Total Assessment
$344,520
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220 South Hall Rd - Zips Car Wash
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