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2806 Patterson St - ZIPS Car Wash 4,469 SF Specialty Building Offered at $4,060,000 at a 7.50% Cap Rate in Greensboro, NC 27407



Investment Highlights
- 100% Bonus Depreciation Eligible
- High-Traffic Thoroughfare (±54,000 VPD)
- Built-In Upside with 1.79 Acres of Excess Land
- Strategic Reinvestment in an Established Location | Complete Q3 2026
- 1.50% Annual Rent Increases
- Long-Term Passive NNN Investment
Executive Summary
Arsenal Real Estate Advisors is pleased to exclusively offer for sale a NNN-leased ZIPS Car Wash located at 2806 Patterson Street in Greensboro, North Carolina. The offering features approximately 13.8 years of remaining lease term, attractive 1.50% annual rent increases, and a highly visible location along South Holden Road with traffic counts exceeding ±54,000 vehicles per day. The property benefits from its position near Interstate 40 and downtown Greensboro, providing excellent accessibility within one of the Piedmont Triad's primary commercial corridors. Greensboro represents a strategically important market for ZIPS Car Wash, with 31 locations throughout North Carolina, including 7 locations across the Greensboro–Winston-Salem MSA, supporting the company's membership-based operating model through market density and regional scale. ZIPS has also committed approximately $300,000 toward a Refresh Program scheduled for completion in Q3 2026, further demonstrating its long-term commitment to the location. The property also includes approximately 1.79 acres of excess land, providing additional long-term strategic value and future flexibility. Contact Broker for additional information.
Property Facts
| Price | $4,060,000 | Building Class | B |
| Price Per SF | $908.48 | Lot Size | 1.49 AC |
| Sale Type | Investment NNN | Building Size | 4,469 SF |
| Cap Rate | 7.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2016 |
| Property Subtype | Car Wash | Parking Ratio | 6.94/1,000 SF |
| Zoning | Commercial (HI) | ||
| Price | $4,060,000 |
| Price Per SF | $908.48 |
| Sale Type | Investment NNN |
| Cap Rate | 7.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.49 AC |
| Building Size | 4,469 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Parking Ratio | 6.94/1,000 SF |
| Zoning | Commercial (HI) |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0017899 | Improvements Assessment | $1,105,000 |
| Land Assessment | $2,141,800 | Total Assessment | $3,246,800 |
Property Taxes
Parcel Number
0017899
Land Assessment
$2,141,800
Improvements Assessment
$1,105,000
Total Assessment
$3,246,800
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