Available For Sale - Retail

3,960 SF | Show Pricing $

LISTED BY

Michael Matusik
Prime Net Lease, 800-948-1250

AVAILABILITY DETAILS

Size
3,960 SF
Price/SF
Show Pricing $
Listing ID
SA556536
Notes
Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a recently remodeled, free standing, Zips Car Wash located in Mt Pleasant, South Carolina, a vibrant and affluent community. The subject property was originally built in 2012 as a Wizard Wash, and due to its excellent location and performance throughout the years, was leased to Zips Car Wash in 2018, who then signed a brand new 20-year Absolute NNN lease.



The original lease has just under 15 years remaining on its initial term, which commenced on August 28, 2018. This absolute NNN lease has 1.5% annual rental increases throughout the base term to help an investor hedge against inflation.



The Property has excellent visibility and is conveniently situated along N Hwy 17. N Hwy 17 is a main corridor in the area and serves approximately 50,000 vehicles per day. The site is easily accessible from Interstate 526 and is in close proximity to downtown Charleston. Nationally recognized tenants such as Dunkin Doughnuts, Sonic Drive-In, Walgreens, T-Mobile, Panera, 7-Eleven, Walmart, Starbucks and McDonald’s surround the Property, further driving consumers to the area.



This specific location boasts a number of amenities that are desirable for a cash wash, including, but not limited to: 15 vacuum stalls for interior cleaning (with the potential to expand to 18 stalls), a large and easily accessible tunnel for vehicles, and a large lot that allows for easier flow of traffic.



Zips Car Wash, headquartered in Little Rock, Arkansas, has over 230 locations across the United States. The company was founded in 2003 by Brett Overman. In the years to come, Zips is looking to expand the brand to over 500 sites and today employs over 1,600 people across all of its locations.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Michael Matusik, Prime Net Lease