Log In/Sign Up
Your email has been sent.
4035 Challenger Ave NE - Zips Car Wash 4,578 SF Specialty Building Offered at $6,791,000 at a 6.50% Cap Rate in Roanoke, VA 24012
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 Challenger Ave (US-460) | 38,000 VPD
- Attractive population density within a 5-mile radius | 88,468 residents
- Corporate lease | Zips Car Wash, LLC | 211 locations across the U.S.
- Outparcel to Kroger | 106K SF grocery center
- Affluent surrounding area | $91,487 average household income within a 3-mile radius
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are please to present for sale Zips Car Wash in Roanoke, VA. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $6,791,000 | Property Subtype | Car Wash |
| Price Per SF | $1,483.40 | Building Class | C |
| Sale Type | Investment NNN | Lot Size | 1.11 AC |
| Cap Rate | 6.50% | Building Size | 4,578 SF |
| Sale Condition | Build to Suit | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2009/2018 |
| Zoning | Commercial | ||
| Price | $6,791,000 |
| Price Per SF | $1,483.40 |
| Sale Type | Investment NNN |
| Cap Rate | 6.50% |
| Sale Condition | Build to Suit |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.11 AC |
| Building Size | 4,578 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2009/2018 |
| Zoning | Commercial |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 050.01-01-05.11-0000 | Improvements Assessment | $496,100 |
| Land Assessment | $725,300 | Total Assessment | $1,221,400 |
Property Taxes
Parcel Number
050.01-01-05.11-0000
Land Assessment
$725,300
Improvements Assessment
$496,100
Total Assessment
$1,221,400
Contacts
-
Ransome Foose -
Carl Brendes -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
