Zips Car Wash

North Charleston, South Carolina

The NNN Pro Group is pleased to present the exclusive listing for the Zips Car Wash located at 3955 Ashley Phosphate Road, North Charleston, SC 29418. The site will consist of roughly 5,039 rentable square feet of building space on estimated 0.66-acre parcel of land. The Zips Car Wash is subject to an absolute triple-net (NNN) lease that commenced on 12/28/2018. The initial annual rent will be $274,041 and is scheduled to increase by 1.00% annually through the base term and continuing through 6, 5-Year Options.

✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Approximately 14 Years Remaining
✓ 1.00% Rental Increases Occurring Annually
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ This Property Qualifies for 15-Year Accelerated Depreciation as well as Bonus Depreciation

Key Details

Price:: $4,060,000
Cap Rate:: 6.75%
Annual Rent:: $274,041
Address:: 3955 Ashley Phosphate Road, North Charleston, South Carolina 29418
Property Type:: Specialty
Lease Type:: Triple Net (NNN)