Zips Car Wash
Corporate Lease | Annual Rent Increases | Zero Landlord Responsibilities
Investment highlights
• Desirable lease term | 12.5 years remaining
• Annual rent increases of 1.50% provide steady NOI growth and a builtin hedge against inflation
• Corporate lease | Zips Car Wash, LLC | 211 locations across the U.S.
• Great visibility from Challenger Ave (US-460) | 38,000 VPD
• Outparcel to Kroger | 106K SF grocery center
• Large parcel | 1.11 acres
• Attractive population density within a 5-mile radius | 88,468 residents
• Large industrial presence nearby | 5.5M SF of space within a 2-mile
radius
• Affluent surrounding area | $91,487 average household income within a 3-mile radius
• 20 minutes from Carilion Roanoke Memorial Hospital | 703 beds
• Within 20 minutes from Roanoke College and Hollins University | 2,600 students combined
• 15 minutes from William Byrd High School | 1,170 students
• 20 minutes from Roanoke-Blacksburg Regional Airport | 60 flights per day
• Nearby Destination Retailers: Walmart Supercenter, Food Lion, Kroger, Lowe’s, Tractor Supply Co., Applebee’s, Chick-fil-A, Starbucks, Chipotle, Bojangles, McDonald’s, Sonic, Taco Bell, Burger King, KFC,
Dairy Queen, Hardee’s, Dunkin’, Pizza Hut, Sheetz, and more
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