www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30901096
30901097

300 Simmons Rd, Knoxville, TN 37922

TS
TN TN 370826
Matthews
CS
TN 361676, TX 693140
Matthews
Listed by Matthews
$4,157,000
89 days on market
Updated 75 days ago

PureMagic Car Wash - Knoxville, TN

Details
Property Type Retail, Special Purpose
Sub Type Auto Shop, Car Wash
Square Footage 4,030
Cap Rate 6%
NOI $249,420
Occupancy 100%
Tenancy Single
Brand/Tenant Mammoth Holdings, PureMagic Car Wash
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 12/31/2041
Remaining Term 15.6
Rent Bumps Yes
Lease Options Four, 5-Year Options
Year Built 2005
Year Renovated 2021
Buildings 1
Acreage 1.400
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/16/2021
Ground Lease No

100% Bonus Dep. | Mammoth Holdings | Affluent TN Market | +16 Years

Investment highlights

  • Built 1st Polish Tunnel in U.S. History | Winner of Knoxville’s Best Car Wash — 9 Consecutive Years

  • Premier Location Adjacent to Turkey Creed | 410-Acre Mixed-Use Development — located in the affluent Farragut/West Knoxville area, this property is positioned to capitalize on the massive traffic flow from Turkey Creek, Kingston Pike, Parkside Drive, & visitors from I-75.

  • Affluent Demographics | Knoxville’s Booming Growth — the Farragut area is one of East TN’s most affluent regions, while Knox County as a whole has stood out as one of TN’s fastest growing counties.

    • Farragut Average Household Income: $182,084

    • Farragut Median Household Income: $142,093

  • 100% Bonus Depreciation — this asset is eligible for 100% bonus depreciation, allowing for accelerated depreciation & the potential shelter of a major portion of cash flow from taxes. Each investor should consult with their tax advisor to determine the one’s eligibility & individual tax strategy/situation.

  • Corporate Guarantee | Impressive Operating History — Mammoth Holdings is an industry leading operator with more than 150 locations across 17 states. This site was one of the 1st locations dating back to the company’s founding in the early 2000’s.

  • Absolute Net (Abs.NNN) Lease Structure — zero landlord responsibilities.

  • Long Term Lease — nearly sixteen years (15.8 yrs) remaining in the initial term of the lease along with four options to renew the lease for a period of 5 years each time.

  • 1.50% Annual Rent Increases — investors will capitalize on increased returns each year of the initial term & each subsequent option period that is renewed.

  • Close to the University of Tennessee — located only 4 miles from the largest university in the state. The University of Tennessee has a student population of over +38,000 & has had one of the largest increases in enrollment since COVID-19.

  • Tenant Investment | Large Building & Parcel — 4,030 SF building on over 1.40 acres. Expensive modern design + build-out from an industry leading operator.

Listing Contacts

TS
TN TN 370826
Matthews
CS
TN 361676, TX 693140
Matthews
Listed by Matthews

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$249,420.00
$20,785.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Hutt Cooke
License
356505, 263667 (TN)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Name
Tanner Sanford
License
TN 370826
Brokerage Phone
8654190016
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591