*Detailed offering memo available via link in the flyer
Outstanding Retail Parcel | In our recent survey of around 200 NNN conveyor wash properties, this one ranks in the 75th percentile for vehicular traffic based on Breckenridge Ln alone, and that’s before factoring in the additional 31k cars on Taylorsville Rd. On demographics, this site ranked around the 80th percentile for surrounding household income, and in the 85th percentile for 1-mile population count. With metrics like that, it’s no wonder that Kroger and ZIPS both set up shop here.
New Construction and a Leading Corporate Player | Built in 2021 from the ground up, this location received not only the newest equipment and technology, but the accumulated industry knowledge and insight of one of the leading players in the conveyor wash space, with over 270 locations.
Optimal Retail Synergy | The property is situated directly across from a busy Kroger, creating an ideal synergy between uses, as area residents can knock out two recurring errands in one place. And for just $25/mo, ZIPS club members get essentially unlimited washes at not only this location, but anywhere in the ZIPS network, nationwide – a compelling case to make ZIPS their sole resource for car washing.
Landlord Friendly NNN Lease | The lease apportions all land, improvements, and significant equipment to the landlord position, maximizing the available depreciation benefit. Meanwhile all taxes, insurance and maintenance costs are tenant expenses, including capital repairs and replacements, and the rents increase by 1.5% per year for the life of the lease. For a closer look at depreciation for car wash properties, see our one-page primer in the offering memo.
Convenient for Out-of-State Owners | The property is just 7.7 miles from the Louisville International Airport. When we checked Uber, the fare was less than $19, and it was a 9-minute trip.