3419 Elvis Presley Blvd Memphis, TN 38116-3259

This exceptional investment opportunity presents a fee-simple ownership of a Take 5 Car Wash located at 3419 Elvis Presley Blvd, Memphis, TN 38116. The property boasts 3,750 square feet on a 1.2-acre lot and features a 20-year triple-net (NNN) lease with over 13 years remaining (expiring 07/31/2038; commenced 08/01/2018). The lease includes annual rent increases of 1.75%, ensuring consistent income growth. Currently generating a NOI of $218,746, representing a 6.50% cap rate on the $3,365,323 asking price ($897.42/sq ft). Built in 2008 and renovated in 2023, this car wash benefits from a strong corporate guarantee from International Car Wash Group, Ltd., a national operator with over 1,000 units. The property offers significant long-term value with minimal landlord responsibilities, making it an attractive addition to any commercial real estate portfolio. This is a single-tenant property with zero landlord responsibilities. The lease is a corporate guaranteed NNN lease.