Triple Net Car Wash
For Sale
Contact for pricing
7106 N Davis Hwy, Pensacola, FL 32504
New 20-year absolute triple net Zips Car Wash with 1.50% annual rent increases and corporate lease with Zips Car Wash, LLC.
Property SizeContact for details
Days on Market121
Property Features for 7106 N Davis Hwy
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Additional Details
Lease Term
240 months
Building Details
Tenancy
Single
Listing Agency:
Pegasus Investments
(310) 969-1135
Listed By:
David Chasin · License #CA 01513027
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 10:48PM
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 Pegasus Investments
Investment Insights
Based on property information with market context.
Pegasus Investments offers a new Zips Car Wash in an absolute triple net lease structure, with a 20-year term. The lease includes 1.50% annual rent increases and is signed with the corporate entity Zips Car Wash, LLC.
The property is located in Pensacola, Florida, along North Davis Highway, described in the offering as a prominent retail corridor currently seeing significant new retail development and redevelopment. The public remarks note that Pegasus has sold three other Zips in Florida, and that this is the final offering.
The offering materials also highlight investor tax benefits tied to accelerated depreciation schedules, including 100% bonus depreciation in the first year, as well as the operator’s growth through additional store development and acquisitions. The corporate operator, founded in 2004, is described as having 175+ locations across 15 states.
The property is located in Pensacola, Florida, along North Davis Highway, described in the offering as a prominent retail corridor currently seeing significant new retail development and redevelopment. The public remarks note that Pegasus has sold three other Zips in Florida, and that this is the final offering.
The offering materials also highlight investor tax benefits tied to accelerated depreciation schedules, including 100% bonus depreciation in the first year, as well as the operator’s growth through additional store development and acquisitions. The corporate operator, founded in 2004, is described as having 175+ locations across 15 states.
Key Highlights
- New 20‑year absolute triple net lease car wash leased to Zips Car Wash, LLC
- 100% absolute triple net structure with 1.50% annual rent increases
- Zips Car Wash founded in 2004 and has 175+ locations across 15 states
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
374k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Apparel 32%
Superstores 12%
Shops & Services 10%
Academy Sports + Outdoors
Apparel
76,602 visits/mo
0.3 miles
BJ's Wholesale Club
Superstores
43,750 visits/mo
0.3 miles
JCPenney
Apparel
37,493 visits/mo
0.3 miles
Texas Roadhouse
Dining
35,925 visits/mo
0.2 miles
Bubba's 33
Dining
32,568 visits/mo
0.2 miles
Demographics for 32504, FL
21,791
Population
10,436
Households
2.1
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
10.5 sq mi
ZIP Area
2,075
Density / Sq Mi
$74,067
Median Household Income
$41,990
Median Earnings
$1,257
Median Rent
$242,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Car wash - New 20-year absolute triple net Zips Car Wash with 1.50% annual rent increases and corporate lease with Zips Car Wash, LLC.
Where is this car wash located?
The property is located at 7106 N Davis Hwy Pensacola, FL.
What are key features of this property?
This property features: New 20‑year absolute triple net lease car wash leased to Zips Car Wash, LLC; 100% absolute triple net structure with 1.50% annual rent increases; Zips Car Wash founded in 2004 and has 175+ locations across 15 states
