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4416 Western Ave - Zips Car Wash - Knoxville TN 3,003 SF Specialty Building Offered at $2,370,000 at a 6.75% Cap Rate in Knoxville, TN 37921
Investment Highlights
- 3+ Years | Corporate Lease Signature (Zips Car Wash, LLC) |1.50% Annual Rental Increases | Options to Extend
- Strong Demographics in Local Trade Area | Direct Consumer Base
- Absolute NNN Lease | Fee Simple Ownership (Land & Building) | Zero Landlord Responsibilities
- Strategically Positioned | Between Interstate 75 & 640 | National Credit Tenant Synergy | Dense Retail Corridor
Executive Summary
• 3+ years of remaining term with 1 (10-year) and 6 (5-year) options to extend
• The lease features 1.50% annual rental increases throughout initial term and options thereafter (In 1st Option annual rent jumps to $210,000)
• Recent Remodel (2025) - Building is below replacement cost
• Was previously a Time to Shine car was location, before Zips bought them in 2017
• The combination of recent remodel, the long-term historical car wash use, and low rent are major contributors to the projected success at this location
• Corporate lease signature from Zips Car Wash, LLC, a private company with more than 280 units under operation
• The lease features 1.50% annual rental increases throughout initial term and options thereafter (In 1st Option annual rent jumps to $210,000)
• Recent Remodel (2025) - Building is below replacement cost
• Was previously a Time to Shine car was location, before Zips bought them in 2017
• The combination of recent remodel, the long-term historical car wash use, and low rent are major contributors to the projected success at this location
• Corporate lease signature from Zips Car Wash, LLC, a private company with more than 280 units under operation
Property Facts
| Price | $2,370,000 | Building Class | B |
| Price Per SF | $789.21 | Lot Size | 0.81 AC |
| Sale Type | Investment NNN | Building Size | 3,003 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2010/2025 |
| Property Subtype | Car Wash | Parking Ratio | 4.33/1,000 SF |
| Zoning | General Commercial | ||
| Price | $2,370,000 |
| Price Per SF | $789.21 |
| Sale Type | Investment NNN |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.81 AC |
| Building Size | 3,003 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2010/2025 |
| Parking Ratio | 4.33/1,000 SF |
| Zoning | General Commercial |
Amenities
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 093FB-00904 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $383,480 |
Property Taxes
Parcel Number
093FB-00904
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$383,480
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4416 Western Ave - Zips Car Wash - Knoxville TN
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