Zips Car Wash

Tenant Description

Zip Cash Wash is a private company that was founded in Jonesboro, AR in 2004. It is one of the leaders in the newly emerging Car Wash Sector operating 150+ locations in 15+ states in the Southeastern United States.

This quickly growing company acquired Boomerang in 2016 and Four Seasons Car Wash, Suds Up Wash, Shine Time Express, and JeZ Express Wash in 2018.

What To Look For When Buying A Zip’s Car Wash

Location, How Many Cars Get Washed/Day

What We Like About Zip’s Car Wash

High Cap Rate, Internet Proof Industry

Competition

Quack Quack Car Wash, Mister Car Wash, Gas Station Car Washes

Zip’s Car Wash Website

https://www.zipscarwash.com

Corporate Office Location

3041 Turman Drive – Jonesboro AR 72404

Fast Facts

Zip’s Car Wash Is One Of The Leaders In The Newly Emerging Car Wash Sector

Zips Car Wash – Tenant News
Zips Car Wash - Tenant News
Average Cap Rate Trend
6.75%
2019
6.50%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$4,000,000
Avg. Annual Rental Income$275,000
Avg. Price/ SF$650/SF
Typical Lease TypeTriple Net
Typical Lease Term20 Years
Typical Lease Escalations1% Annually
Credit Rating
S & PN/A
Moody'sN/A

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