Zips Car Wash

Little Rock, Arkansas

NNN Pro Group is pleased to present the exclusive listing for a Zips Car Wash located at 9500 N Rodney Parham Road in Little Rock, AR. The site consists of roughly 5,135 rentable square feet of building space on estimated 0.90-acre parcel of land. This Zips is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 12th, 2017. The current annual rent is $228,530 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 6, 5-year renewal options.

About the Investment:

✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Approximately 16.5 Years Remaining
✓ 1.50% Rental Increases Occurring Annually
✓ Six (6), Five (5)-Year Tenant Renewal Options

Key Details

Price:: $3,515,841
Cap Rate:: 6.50%
Annual Rent:: $228,530
Address:: 9500 N. Rodney Parham Rd., Little Rock, Arkansas 72227
Property Type:: Car Wash
Lease Type:: Triple Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: 9/12/2017
Lease Expiration:: 4/30/2040
Lease Term Remaining:: 16.5 Years
Rental Increases:: 1.50% Annually Starting 5/1/2024
Lot Size:: 0.90 Acres
Building Size:: 5,135 SF
Year Built:: 1976
Year Renovated:: 2019
Tenant:: Zips Car Wash

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Alexandre Marietto

amarietto@nnnpro.com

License: 10401294047

James Westerberg

jwesterberg@nnnpro.com

License: 10401304686

Gordon Pollock

gpollock@nnnpro.com

License: 10401370688

Broker of record

Brian Brockman

Bang Realty-Arkansas, Inc

License: PB00082359

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