693 Willow Ave Cookeville, TN 38501

This exceptional investment opportunity presents a 4,038 square foot Zips Car Wash located at 693 S Willow Ave, Cookeville, TN 38501. The property sits on a 0.76-acre lot and boasts a prime location with high visibility along S Willow Ave, averaging 21,030 vehicles daily, and near I-40 with 58,071 vehicles daily. The property benefits from a strong retail environment, including nearby Hobby Lobby, TJ Maxx, Petco, Starbucks, and other national brands. The car wash is operating under a Triple Net (NNN) lease with a corporate guarantee, providing significant tenant credit strength. The lease commenced December 19, 2017, and expires June 30, 2038, offering a substantial remaining lease term of 13.6 years. The lease includes six 5-year options with 1.5% annual rent increases. The property's Net Operating Income (NOI) is $279,049, resulting in a 7.00% cap rate. The asking price is $3,986,415. Built in 2012, this car wash benefits from a strong demographic area with a 5-mile population of 53,780 and an average household income of $72,976. The property's proximity to Tennessee Tech University, with over 10,000 students, further enhances its appeal. Potential tax advantages exist through bonus depreciation (consult your tax advisor). This is a turnkey investment with a proven operator and a long-term lease, offering significant return potential.