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1565 N Germantown Pky
Cordova, TN 38016

$3,608,787 USD

Carwash For Sale  •  4,588 SF

Property Details

  • Property Type Carwash
  • Total Building Size 4,628 SF
  • Lot Size 1 AC
  • Building Class B
  • Year Built 2006
  • Cap Rate 7.75 %
  • Zoning Commercial
19 Transit Score
78 Walk Score

Highlights

Triple Net Lease with 13+ years remaining and 1.5% annual increases
Potential for 60% Bonus Depreciation through the Tax Cuts and Jobs Act of 2017 (Consult your CPA). Tennessee is a No Income Tax State.
Located along North Germantown Pkwy, traffic counts average 30,000+ vehicles daily.
5-mile average household income of $107,566 and population of 161,763.
Zips is a proven operator with 280 locations across 28 states.
Strong retail presence featuring national brands like Kroger, HomeGoods, Marshalls, ALDI, Starbucks, Five Below, AutoZone, and more

Property Flyers

Cap Rate: 7.75 %

Amenities

  • Bus Line
  • Signage

Public Transportation

AirportDriveWalkDistance
Memphis International 30 min - 19.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 27
Type: Surface
Included in Rent: Yes
Keith Sturm 612-332-6600 Upland Real Estate Group, Inc.
Keith Sturm 612-332-6600 Upland Real Estate Group, Inc.