Listed by Matthews
$3,636,363
Club Car Wash - Knoxville, TN
Details
Property Type Retail, Special Purpose
Sub Type Auto Shop, Car Wash
Square Footage 5,000
Net Rentable (SqFt) 5,000
Cap Rate 5.5%
NOI $200,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/30/2046
Remaining Term 20
Rent Bumps Yes
Lease Options Four (4), 5-Year Renewals
Class A
Year Built 2026
Buildings 1
Acreage 1.120
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/16/2026
Ground Lease Yes
2026 Construction | $3.6M | 20 Years | Corporate | Near West Town Mall & Univ. of Tennessee
Investment highlights
- New Construction - set to finish in 2026.
- Nearby to the University of Tennessee - as the largest public institution in the state, the university enrolls over 40,000 students year-over-year, driving consumer spending & consumer traffic in the area.
- Prime Location on Kingston Pike - positioned on Kingston Pike, the asset benefits from placement within one of the region's most active retail corridors, supported by a dense concentration of national retailers, restaurants, & service-oriented uses.
- Adjacent to Tennessee's Highest Traffic Mall - positioned in one of the Southeast's most dynamic retail submarkets, down the street from West Town Mall, the top-trafficked mall in Tennessee & the most concentrated retail node in East Tennessee.
- High Growth Market - located in Knoxville, one of the largest & fastest growing cities in Tennessee, has experienced a 20.55% population increase since 2010.
- Surrounded by National & Regional Retailers - including Target, Walmart, JC Penney, Old Navy, Chick-fil-A, McDonald's, Taco Bell, Raising Cane's, & more, reinforcing the location's regional retail significance.
- Absolute NNN Ground Lease - zero Landlord responsibilities. Tenant is responsible for the roof, structure, taxes, insurance, & maintenance for the entire premises.
- Long-Term 20-Year Lease - over twenty (20) years remaining in the initial term of the lease, set to commence in June 2026.
- 10% Rental Increases - structured rent escalations allows investors to capitalize on increased returns every five (5) years during the initial term of the lease & in each renewal period.
- Corporately Guaranteed Lease - the property is leased to Club Car Wash, a recognized express car wash operator with over 250+ locations across the United States.
Listing Contacts
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
$200,000.00
$16,666.67/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Name
License
Brokerage Phone
Is there information that looks off?
