Single-Tenant Car
100 Market Exchange Court, Franklin, TN 37067
For Sale
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The property is leased under an absolute NNN structure with scheduled annual rent increases.
Property SizeContact for details
Days on Market34
Property Features for 100 Market Exchange Court
General Information
Standard status
Property subtype
Occupancy
Automotive
Automotive Uses
Car Wash Format
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Building Details
Tenancy
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #CQ1059597
(949) 942-6585
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 5:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ParaSell Inc
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Investment Insights
Based on property information with market context.
At 100 Market Exchange Court in Franklin, this car wash is occupied by RipTide under a 20-year absolute NNN lease. Rent increases 1.75% annually during the initial term, and the agreement includes four 5-year renewal options, each with rent increases. The absolute NNN structure assigns no landlord responsibilities under the lease terms described.
RipTide operates express tunnel car washes and offers unlimited monthly and annual memberships, complimentary vacuums, and professional detailing at select locations. The company is headquartered in Raleigh, North Carolina, and has 26 locations, with 10 additional sites expected to open in the near future. These operating details describe the tenant’s broader business and footprint.
RipTide operates express tunnel car washes and offers unlimited monthly and annual memberships, complimentary vacuums, and professional detailing at select locations. The company is headquartered in Raleigh, North Carolina, and has 26 locations, with 10 additional sites expected to open in the near future. These operating details describe the tenant’s broader business and footprint.
Key Highlights
- 20‑year absolute NNN lease
- 1.75% annual rent increases during the initial lease term
- Four 5‑year renewal options with rent increases
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,517
Businesses Nearby
526k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 28%
Dining 25%
Shops & Services 23%
Home Improvements & Furnishings 11%
Dillard's
Apparel
60,675 visits/mo
0.4 miles
Belk
Apparel
57,102 visits/mo
0.5 miles
Publix
Groceries
48,443 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
46,269 visits/mo
0.3 miles
The Cheesecake Factory
Dining
41,816 visits/mo
0.4 miles
Demographics for 37067, TN
31,465
Population
14,087
Households
2.2
Avg Household Size
38
Median Age
67%
College-Educated
97%
High-School Grad
32.5 sq mi
ZIP Area
968
Density / Sq Mi
$110,202
Median Household Income
$63,824
Median Earnings
$1,860
Median Rent
$686,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Car wash - The property is leased under an absolute NNN structure with scheduled annual rent increases.
Where is this car wash located?
The property is located at 100 Market Exchange Court Franklin, TN.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: 20‑year absolute NNN lease; 1.75% annual rent increases during the initial lease term; Four 5‑year renewal options with rent increases
