Zips Car Wash
Retail | 6.50% CAP | 9,234 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Zips Car Wash located at 3008 S. Congress Avenue, Boynton Beach, FL 33426. The site consists of roughly 9,234 rentable square feet of building space on an estimated 1.77-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 $508,750 and has scheduled increases of 1.75% annually.
Investment highlights
Long Term Absolute Triple Net Lease | The lease features over fourteen (14) years remaining on an absolute triple net (NNN) lease, with no landlord responsibilities
Eligible for 100% Bonus Depreciation | The property qualifies for 100% bonus depreciation, offering investors significant tax advantages in the early years of ownership. Surmount is not a tax advisor. Please consult your own tax professional
Strengthened Zips Brand | Zips recently emerged from bankruptcy with a stronger financial position, improved operational efficiencies, and renewed growth strategies, reinforcing the guarantor's longterm stability
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