$2,307,692
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Soft OfferCommercial Property for Sale in Georgetown Kentucky 40324
104 Osborne Way, Georgetown, Kentucky 40324
$4,995,000
$1,734 / sq ft 6.81% cap rate Listed Oct 25, 2024
2,881 sqft
Building
2,881 sqft
Lot
2002
Built
1
Stories
1
Units
Class A
Class
About this property
Commercial Property for Sale in Georgetown Kentucky 40324 is a retail for sale in Georgetown, Kentucky, listed at $4,995,000. Key details: year built 2002, building size 2,881 sqft, lot size 2,881 sqft, stories 1. Listed by Tim Westfall of Echo West Capital Advisors on LoopingCloud and last updated April 1, 2025.
Discover an exclusive investment in Zips Car Wash, the largest privately held car wash chain in the U.S., boasting over 280 locations and a dominant presence in the Southeast. This corporately backed lease provides hands-off, passive income with its absolute NNN lease structure, offering zero landlord responsibilities. Positioned as a Wal-Mart out-parcel in a vibrant shopping hub, the property is surrounded by major retailers and affluent households, with new high-value residential developments nearby. As the only express car wash within a 15-mile radius, this location captures a loyal, subscription-based customer base, ensuring continued high demand. Additionally, investors enjoy significant tax advantages with 60% bonus depreciation, allowing for an impressive $2.7 million offset in the first year alone. This property delivers stable, long-term income in a high-growth market.
Key highlights
- Renovate in 2018
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 2002
- Building Size
- 2,881 sqft
- Lot Size
- 2,881 sqft
- Stories
- 1
- Total Units
- 1
- Building Class
- Class A
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $340,000
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
6.81%
Cap rate
$340,000
Net operating income
$1,734
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $4,995,000 | 7.01% | - | - | - |
Features and amenities
Prominent Tenants
- Absolute NNN Tenant. Lease Term 20 years. Remaining Term 13.8 years
Highlights
- Zips Car Wash is the third largest car wash operator in the country with over 280 locations across 25 states under three brands: ZIPS Car Wash, Rocket Express Car Wash, and Jet Brite Car Wash. Regionally, this is their backyard with most of their existing
- Offering features an absolute NNN lease structure with zero landlord responsibilities making this an ideal, hands-off investment for any prospective buyer.
- The subject property comes with a REIT-level negotiated lease with the most landlord favorable terms that is currently on the market. ZIPS has been operating at this location since 2018 giving any prospective investor confidence.
- he subject property is the sole express car wash option within a 15-mile radius, which makes this wash an easy choice for the residents living in and surrounding Lexington & Georgetown. This region of Kentucky is a ZIPS dominated market with nine location
- Renovate in 2018
Location
Address as shown by the lister.
Get directionsAbout this area - Georgetown
- Population
- 28,519
- Housing units
- 11,161
- Land area
- 159.7 sq mi
- County
- Scott
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadFrequently asked questions
What is the asking price of Commercial Property for Sale in Georgetown Kentucky 40324?
Commercial Property for Sale in Georgetown Kentucky 40324 is listed at $4,995,000. That works out to about $1,734 per square foot. The stated cap rate is 6.81%.
Where is Commercial Property for Sale in Georgetown Kentucky 40324 located?
The property is in 104 Osborne Way, Georgetown, Kentucky 40324, Scott County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 2,881 sqft. The lot is 2,881 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Tim Westfall of Echo West Capital Advisors listed this property. Use the Request Info button to send a message or call (602) 628-6298.
When was this listing published?
It was published on October 25, 2024 and last updated on April 1, 2025.
Listing information
- Listing ID
- CL-Kentucky-12574
- Published
- Oct 25, 2024
- Last updated
- Apr 1, 2025
- Views
- 556
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