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300 Simmons Rd - PureMagic Carwash 4,248 SF Specialty Building Offered at $5,689,810 CAD at a 6% Cap Rate in Knoxville, TN 37922
Investment Highlights
- Award-Winning Car Wash: Built 1st Polish Tunnel in U.S. and winner of Knoxville’s Best Car Wash for 9 consecutive years.
- Bonus Depreciation: Eligible for 100% bonus depreciation, allowing for accelerated depreciation and potential tax shelter.
- Absolute NNN Lease: Zero landlord responsibilities with an absolute net lease structure.
- Affluent Demographics: Farragut area is one of East TN’s most affluent, with Knox County among TN’s fastest growing counties.
- Corporate Guarantee: Lease guaranteed by Mammoth Holdings, an industry leader with 150+ locations across 17 states.
- Long Lease Term: Over fifteen years (±15.8 Yrs) remaining in the initial term, plus four 5-year renewal options.
Executive Summary
Broker of Record
Hutt Cooke
License # 263667, 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 263667, 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $5,689,810 CAD | Lot Size | 1.41 AC |
| Price Per SF | $1,411.86 CAD | Building Size | 4,030 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6% | Year Built/Renovated | 2005/2021 |
| Property Type | Specialty | Parking Ratio | 3.72/1,000 SF |
| Property Subtype | Car Wash | No. Drive In / Grade-Level Doors | 2 |
| Building Class | B | ||
| Zoning | F1 - Commercial | ||
| Price | $5,689,810 CAD |
| Price Per SF | $1,411.86 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.41 AC |
| Building Size | 4,030 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2005/2021 |
| Parking Ratio | 3.72/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | F1 - Commercial |
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Property Taxes
| Parcel Number | 131JA-030 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $779,235 CAD |
Property Taxes
Parcel Number
131JA-030
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$779,235 CAD
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300 Simmons Rd - PureMagic Carwash
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