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Single-Tenant Car Wash

230 S Royal Oaks Boulevard, Franklin, TN 37064

For Sale
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An absolute NNN lease assigns no landlord responsibilities and includes scheduled annual rent increases.

Property SizeContact for details
Days on Market34

Property Features for 230 S Royal Oaks Boulevard

General Information

Standard status Active
Property subtype Retail

Automotive

Automotive Uses car wash
Car Wash Format express tunnel

Tenancy & Operations

Tenant in Place Yes
In-Place Lease Type Absolute NNN
Current Tenants RipTide Car Wash
Real Estate Included Yes

Building Details

Tenancy Single
Listing Agency: ParaSell Inc
Listed By: Scott Reid · License #CQ1059597
Source: Crexi
Added: Oct 7 Changed: Nov 8 Last Checked: Nov 8 at 2:59PM

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

Rey
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Investment Insights

Based on property information with market context.

Located at 230 S Royal Oaks Boulevard in Franklin, this car wash is occupied by a single tenant under an absolute NNN lease. The initial lease term is 20 years, with four additional five-year option periods. Annual rent increases of 1.75% apply during the initial term, and the lease places no landlord responsibilities on the owner.

Franklin is approximately 15 miles south of Downtown Nashville and is part of the Nashville MSA. The city’s population is 93,000, and the source information reports average household income of $179,000. Major employers identified in the area include Nissan North America, HCA Healthcare, Community Health Systems and Schneider Electric.

Key Highlights

  • Single‑tenant car wash at 230 S Royal Oaks Boulevard, Franklin, TN
  • Absolute NNN lease with no landlord responsibilities
  • 20‑year initial lease term

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Car washes

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Real Estate Agency Law Firm Parking Lot & Garage Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,436
Businesses Nearby
317k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 36% Home Improvements & Furnishings 27% Shops & Services 18% Groceries 16%
The Home Depot Home Improvements & Furnishings
37,232 visits/mo 0.2 miles
Publix Groceries
33,640 visits/mo 0.3 miles
HomeGoods Home Improvements & Furnishings
24,103 visits/mo 0.2 miles
Cracker Barrel Old Country Store Dining
20,802 visits/mo 0.5 miles
At Home Home Improvements & Furnishings
20,221 visits/mo 0.4 miles

Demographics for 37064, TN

62,422
Population
25,302
Households
2.5
Avg Household Size
41
Median Age
59%
College-Educated
94%
High-School Grad
184.0 sq mi
ZIP Area
339
Density / Sq Mi
$121,492
Median Household Income
$56,690
Median Earnings
$1,810
Median Rent
$664,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Car wash - An absolute NNN lease assigns no landlord responsibilities and includes scheduled annual rent increases.
Where is this car wash located?
The property is located at 230 S Royal Oaks Boulevard Franklin, TN.
What is the asking price?
The asking price for this property is $7,850,000.
What are key features of this property?
This property features: Single‑tenant car wash at 230 S Royal Oaks Boulevard, Franklin, TN; Absolute NNN lease with no landlord responsibilities; 20‑year initial lease term
(949) 942-6585 Call to check price and availability
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