300 Simmons Rd - PureMagic Carwash 4,248 SF Specialty Building Offered at $4,000,000 at a 6.24% Cap Rate in Knoxville, TN 37922

Premier Absolute NNN Investment Opportunity – Knoxville, TN
Now available is a rare fee-simple investment in Knoxville, Tennessee, secured by a long-term, corporate-backed lease with Mammoth Car Washes, one of the fastest-growing car wash operators in the U.S. with 150+ locations nationwide. This property offers zero landlord responsibilities, making it an ideal 1031 exchange option or hands-free addition to any investment portfolio.
The tenant recently executed a 20-year primary lease term, with 16 years of guaranteed income remaining. Rent escalates 1.5% annually, providing consistent, built-in income growth throughout the term and into the four (4) additional 5-year option periods—each also featuring rental increases.
Mammoth Car Washes provides a full corporate guarantee, reinforcing the stability and security of the income stream. The absolute triple-net structure ensures investors have no exposure to operating expenses, repairs, maintenance, taxes, or insurance.
Additionally, the property qualifies for accelerated depreciation, offering meaningful tax advantages for investors seeking to optimize after-tax returns.
Key Highlights:
Long-term lease with 16 years remaining
Absolute NNN – Zero landlord responsibilities
Corporate guaranteed lease by Mammoth Car Washes (150+ locations)
1.5% annual rental increases
Four (4) 5-year option periods with scheduled rent bumps
Fee-simple ownership in a strong Knoxville market
Ideal for 1031 exchange buyers
Eligible for accelerated depreciation, enhancing investment yield