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3805 Wards Rd - Zips Car Wash 4,456 SF Specialty Building Offered at $8,246,000 at a 6.50% Cap Rate in Lynchburg, VA 24502
Investment Highlights
- Desirable lease term | 12.5 years remaining | Annual rent increases of 1.50% provide steady NOI growth and a built-in hedge against inflation
- Great visibility from Wards Rd (US-29) | 30,000 VPD
- Stable population growth within 3-miles | 13.75% from ’10-‘25
- Corporate lease | Zips Car Wash, LLC | 211 locations across the U.S.
- Across the street from a top performing Walmart Supercenter | Ranks in the 94th percentile nationwide via Placer.ai
- Attractive population density within a 5-mile radius | 91,347 residents
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Zips Car Wash in Lynchburg, VA. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $8,246,000 | Building Class | B |
| Price Per SF | $1,850.54 | Lot Size | 0.94 AC |
| Sale Type | Investment NNN | Building Size | 4,456 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| Sale Condition | Build to Suit | Year Built | 2015 |
| Property Type | Specialty | Parking Ratio | 4.94/1,000 SF |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $8,246,000 |
| Price Per SF | $1,850.54 |
| Sale Type | Investment NNN |
| Cap Rate | 6.50% |
| Sale Condition | Build to Suit |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.94 AC |
| Building Size | 4,456 SF |
| No. Stories | 1 |
| Year Built | 2015 |
| Parking Ratio | 4.94/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 257-02-016 | Improvements Assessment | $1,355,000 |
| Land Assessment | $755,300 | Total Assessment | $2,110,300 |
Property Taxes
Parcel Number
257-02-016
Land Assessment
$755,300
Improvements Assessment
$1,355,000
Total Assessment
$2,110,300
Contacts
-
Ransome Foose -
Carl Brendes -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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3805 Wards Rd - Zips Car Wash
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