Commercial Property for Sale in Georgetown Kentucky 40324

104 Osborne Way, Georgetown Kentucky, 40324

Listing ID: CL-Kentucky-12574 Commercial Automotive Retail
Published on: Friday, October 25, 2024 | Updated on: Tuesday, April 1, 2025

Listing Summary

Discover an exclusive investment in Zips Car Wash, the largest privately held car wash chain in the U.S., boasting over 280 locations and a dominant presence in the Southeast.

Full Description

Discover an exclusive investment in Zips Car Wash, the largest privately held car wash chain in the U.S., boasting over 280 locations and a dominant presence in the Southeast. This corporately backed lease provides hands-off, passive income with its absolute NNN lease structure, offering zero landlord responsibilities. Positioned as a Wal-Mart out-parcel in a vibrant shopping hub, the property is surrounded by major retailers and affluent households, with new high-value residential developments nearby. As the only express car wash within a 15-mile radius, this location captures a loyal, subscription-based customer base, ensuring continued high demand. Additionally, investors enjoy significant tax advantages with 60% bonus depreciation, allowing for an impressive $2.7 million offset in the first year alone. This property delivers stable, long-term income in a high-growth market.

Quick Glance

  • Listing ID: CL-Kentucky-12574
  • Status: Active
  • Year Build: 2002
  • Building Size: 2,881 SqFt
  • Lot Size: 2,881.00 Acre

Complete Details

  • Year Build: 2002
  • Building Size: 2,881 SqFt
  • No of Stories: 1
  • Total Lot Area: 2,881.00 Acre
  • No of Total Units: 1
  • Heating and Cooling: Not Specified
  • Building Class: Class A

Pricing Details

Additional Features

Tenants
  • Absolute NNN Tenant. Lease Term 20 years. Remaining Term 13.8 years
Highlights
  • Zips Car Wash is the third largest car wash operator in the country with over 280 locations across 25 states under three brands: ZIPS Car Wash, Rocket Express Car Wash, and Jet Brite Car Wash. Regionally, this is their backyard with most of their existing
  • Offering features an absolute NNN lease structure with zero landlord responsibilities making this an ideal, hands-off investment for any prospective buyer.
  • The subject property comes with a REIT-level negotiated lease with the most landlord favorable terms that is currently on the market. ZIPS has been operating at this location since 2018 giving any prospective investor confidence.
  • he subject property is the sole express car wash option within a 15-mile radius, which makes this wash an easy choice for the residents living in and surrounding Lexington & Georgetown. This region of Kentucky is a ZIPS dominated market with nine location
  • Renovate in 2018

Listing Location

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