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Investment Highlights

  • Absolute NNN Ground Lease with 2027 NOI Escalation
  • A Strong Local Market
  • High-Visibility Frontage
  • Proven Franchise Backing

Executive Summary

This absolute triple-net ground lease is located along Waynesboro’s Rosser Avenue, directly adjacent to Exit 94 along Interstate 64. The property is part of Waynesboro’s primary commercial corridor, experiencing traffic counts of 29,000 vehicles per day along Rosser Avenue, and is supplied by an additional 49,000 vehicles that pass through the interstate daily. The site is situated in a robust local market home to high-profile national tenants such as Walmart, Chipotle, and Texas Roadhouse. The triple-net status of this lease affords the buyer a zero-responsibility arrangement, with no real estate tax, property insurance, utility, or maintenance fees required of the buyer. A recurring 10% rent escalation is included every five years through the standing 15-year lease term, with the next escalation planned for August of 2027. This is backed by a reliable guaranty from the franchisor, Quick Lube of Carolina, LLC, that further strengthens the backing for investment.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,435 SF
Building Class
C
Year Built
2022
Price
$1,283,333
Price Per SF
$894.31
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.63 AC
Zoning
HB

Amenities

  • Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Nearby Major Retailers

Starbucks
Outback Steakhouse
Waffle House
Cracker Barrel Old Country Store
Texas Roadhouse
First Bank And Trust
Applebee's
Five Guys
Buffalo Wild Wings
Woodforest National Bank

Property Taxes

Property Taxes

Parcel Number
51 21 - 5
Land Assessment
$428,100
Improvements Assessment
$545,200
Total Assessment
$973,300
  • Listing ID: 40145504

  • Date on Market: 4/14/2026

  • Last Updated:

  • Address: 2000 Rosser Ave, Waynesboro, VA 22980

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