Published on: Friday, October 25, 2024
Updated on: Tuesday, April 1, 2025
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About the Lister
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Name: Tim Westfall
Company: Echo West Capital Advisors
Office Phone: 602.628.6298
Cell Phone: 602.628.6298
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  Zips Car Wash

104 Osborne Way Georgetown Kentucky , 40324
104 Osborne Way Georgetown Kentucky , 40324  Echo West Capital Advisors
Listing ID: CL-Kentucky-12574 Automotive /Retail

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 7.01
Net Operating Income: $340,000.00
Quick Glance
Listing ID: CL-Kentucky-12574
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 2002
Building Size: 2,881.00 SqFt
Lot Size: 2,881.00 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | Zips Car Wash Final OM.pdf ( 7,917.26KB)
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.
Complete Details
Year Build: 2002
Building Size: 2,881 SqFt.
No of Stories: 1
Total Lot Area: 2881 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
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.

Additional Properties
Property Tenants
  • Absolute NNN Tenant. Lease Term 20 years. Remaining Term 13.8 years
Property 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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