Corporate-Guaranteed Car
New
For Sale
$5,722,000
1675 Union Ave, Memphis, TN 38104
An absolute NNN lease assigns taxes, insurance, and property maintenance to the tenant.
Property Size3,848 SF
Lot Size0.68 Acres
Price / SF$1,487
Days on Market2
Property Features for 1675 Union Ave
General Information
Standard status
Active
Size
3,848 SF
Lot size
0.68 Acres
Property subtype
Retail
Zoning
CMU-3: Commercial Mixed Use
Occupancy
100%
Site & Location
Neighborhood
Central Gardens Association
Traffic Count
28,000 vehicles/day
Road Access
Yes
Tenancy & Operations
Tenant in Place
Yes
In-Place Lease Type
Absolute NNN
Current Tenants
Whistle Express Car Wash
Real Estate Included
Yes
Additional Details
Automotive Uses
car wash
Building Details
Building Size
3,848 SF
Year Built
2003
Buildings
1
Stories
1
Tenancy
Single
Listed By:
Jake Prater
(949) 903-8099
Source:
Srsre
Added: Oct 30
Last Checked: Oct 30 at 3:12PM
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 Jake Prater
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Investment Insights
Based on property information with market context.
Built in 2003, this car wash occupies approximately 0.68 acres and contains a 3,848-square-foot facility. The property is leased to Whistle Express Car Wash under an absolute NNN lease, with a corporate guaranty from Express Wash Intermediate, LLC. More than 23 years remain in the initial term, which ends December 31, 2049; four five-year extension options are included. Rent increases 1.90% annually during the initial term and option periods, and the tenant handles taxes, insurance, and maintenance.
The site has Union Avenue frontage in Memphis, approximately three miles from Downtown, an eight-minute drive. Methodist University Hospital, Le Bonheur Children’s Hospital, and Regional One Health are nearby. Retail and service businesses in the area include Kroger, Walgreens, AutoZone, Aldi, and Firestone. Approximately 28,000 vehicles pass the property daily. The five-mile area includes nearly 199,000 residents and 129,285 employees; average household income within one mile is approximately $115,000. The property is zoned CMU-3: Commercial Mixed Use.
The site has Union Avenue frontage in Memphis, approximately three miles from Downtown, an eight-minute drive. Methodist University Hospital, Le Bonheur Children’s Hospital, and Regional One Health are nearby. Retail and service businesses in the area include Kroger, Walgreens, AutoZone, Aldi, and Firestone. Approximately 28,000 vehicles pass the property daily. The five-mile area includes nearly 199,000 residents and 129,285 employees; average household income within one mile is approximately $115,000. The property is zoned CMU-3: Commercial Mixed Use.
Key Highlights
- Absolute NNN lease with a corporate guaranty from Express Wash Intermediate, LLC
- More than 23 years remain; lease ends December 31, 2049, with four five‑year options
- 3,848‑square‑foot facility on approximately 0.68 acres; built in 2003
Property Analytics
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Current Use
Lease Details
28,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,745
Businesses Nearby
359k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 23%
Shops & Services 14%
Home Improvements & Furnishings 10%
Kroger
Groceries
70,178 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
36,412 visits/mo
0.4 miles
Cook Out
Dining
20,660 visits/mo
0.4 miles
Wendy's
Dining
19,151 visits/mo
0.2 miles
Taco Bell
Dining
15,629 visits/mo
0.4 miles
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
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Market
Vacancy Rate% for Retail in Memphis, TN
Frequently Asked Questions
What type of property is this?
Car wash - An absolute NNN lease assigns taxes, insurance, and property maintenance to the tenant.
Where is this car wash located?
The property is located at 1675 Union Ave Memphis, TN.
What is the asking price?
The asking price for this property is $5,722,000.
What are key features of this property?
This property features: Absolute NNN lease with a corporate guaranty from Express Wash Intermediate, LLC; More than 23 years remain; lease ends December 31, 2049, with four five‑year options; 3,848‑square‑foot facility on approximately 0.68 acres; built in 2003
