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440 W New Circle Rd - Zips Car Wash 8,118 SF Specialty Building Offered at $2,295,928 at a 6.60% Cap Rate in Lexington, KY 40511
Investment Highlights
- Long Term Absolute Triple Net Lease
- Strengthened Zips Brand
- Eligible for 100% Bonus Depreciation
- Attractive Annual Increases
Executive Summary
Surmount and Bang Realty are pleased to present the exclusive listing for a Zips Car Wash located at 440 W New Circle Road, Lexington, KY 40511. The site consists of roughly 8,118 rentable square feet of building space on an estimated 2.32-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 $151,531 and has scheduled increases of 1.75% annually.
Property Facts
| Price | $2,295,928 | Building Class | B |
| Price Per SF | $282.82 | Lot Size | 2.32 AC |
| Sale Type | Investment | Building Size | 8,118 SF |
| Cap Rate | 6.60% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2017 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Zoning | B-6P | ||
| Price | $2,295,928 |
| Price Per SF | $282.82 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 2.32 AC |
| Building Size | 8,118 SF |
| No. Stories | 1 |
| Year Built | 2017 |
| Opportunity Zone |
Yes |
| Zoning | B-6P |
Amenities
- Signage
Property Taxes
| Parcel Number | 16696757 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,450,200 |
Property Taxes
Parcel Number
16696757
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,450,200
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440 W New Circle Rd - Zips Car Wash
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