Zips Car Wash

Seneca, South Carolina

NNN Pro Group is pleased to present the exclusive listing for a Zips Car Wash located at 1113 Jennings Avenue in Seneca, SC. The site consists of roughly 3,835 rentable square feet of building space on estimated 0.48-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 $330,220 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 16.50 Years Remaining
✓ 1.50% Rental Increases Occurring Annually
✓ Six (6), Five (5)-Year Tenant Renewal Options

Key Details

Price:: $5,080,306
Cap Rate:: 6.50%
Annual Rent:: $330,220
Address:: 1113 Jennings Ave, Seneca, South Carolina 29678
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:: 0.48 Acres
Building Size:: 3,835 SF
Year Built:: 1990
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-South Carolina, Inc

License: 108250

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