7106 N Davis Hwy
Pensacola, FL 32504

Pegasus Investments is pleased to offer an exceptional opportunity to acquire a new 20-year absolute triple net leased Zips Car Wash (“Zips”) located in Pensacola, Florida. The 100% absolute triple net lease features rare 1.50% annual rent increases and is signed with the corporate entity Zips Car Wash, LLC. Zips is a highly respected operator and is currently the 2nd largest owner operator of express / conveyor washes in the country. Founded in 2004, Zips currently has 175+ locations in 15 states and is on pace to continue its high growth rate through acquisition and new store development. Investors can take advantage of highly attractive accelerated depreciation tax schedules which give 100% bonus depreciation in the first year, significantly increasing the after-tax yield when compared with other traditional net leased investments. Zips is strategically located along North Davis Highway, a prominent retail corridor currently experiencing significant new retail development and redevelopment. Pegasus has sold three (3) other Zips in Florida, with the subject representing the final offering.