592 Emory Rd Powell, TN 37849

Exceptional investment opportunity: a 4,380 sq ft Zips Car Wash in Powell, TN, boasting a strong 6.50% cap rate and $355,504 NOI. This strategically positioned property enjoys a 14.5-year remaining lease term (with four 5-year options) and benefits from a credit-rated tenant, Zips Car Wash, LLC, with a proven track record of over 280 units in operation. Located on a 1.26-acre lot at 592 E Emory Rd, Powell, TN 37849, this car wash enjoys high visibility due to its proximity to Interstate 75 (81,800 vehicles per day) and its location across from the Knoxville Medical Center. The property's strong tenant synergy is further enhanced by its proximity to numerous national credit tenants, including Chick-fil-A, Five Guys, Texas Roadhouse, McDonald's, Starbucks, and CVS. Built in 2016, the car wash features a lease with 1.50% annual rent bumps, providing consistent income growth. The absolute NNN lease commenced May 16, 2019, and expires May 31, 2039. This offering presents a compelling opportunity for investors seeking a stable, high-performing asset with significant long-term potential. The property qualifies for bonus depreciation.