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705 Ashland St - Flagstop Car Wash 2,926 SF Specialty Building Offered at $4,923,077 at a 6.50% Cap Rate in Hopewell, VA 23860
Investment Highlights
- Strong Corporate Guarantee
- Established Regional Operator
- Brand New 20-Year Triple Net (NNN) Lease
- Essential and High-Demand Industry
Executive Summary
Surmount is pleased to present the exclusive listing for a Flagstop Car Wash located at 705 Ashland St., Hopewell, VA 23860. The site consists of roughly 2,926 rentable square feet of building space on an estimated 0.57-acre parcel of land. This Flagstop Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/29/2022. The annual rent will be $320,000 and has scheduled increases of 2.00% annually.
Property Facts
| Price | $4,923,077 | Building Class | B |
| Price Per SF | $1,682.53 | Lot Size | 0.57 AC |
| Sale Type | Investment | Building Size | 2,926 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2013 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Zoning | B4 | ||
| Price | $4,923,077 |
| Price Per SF | $1,682.53 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.57 AC |
| Building Size | 2,926 SF |
| No. Stories | 1 |
| Year Built | 2013 |
| Opportunity Zone |
Yes |
| Zoning | B4 |
Amenities
- Signage
1 1
Property Taxes
| Parcel Number | 025-0416 | Improvements Assessment | $538,400 |
| Land Assessment | $164,100 | Total Assessment | $702,500 |
Property Taxes
Parcel Number
025-0416
Land Assessment
$164,100
Improvements Assessment
$538,400
Total Assessment
$702,500
Contacts
-
Matthew Anuszkiewicz -
Francis Purritano -
Walker Stevens -
Christopher Marks -
Glen Kunofsky -
Surmount
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705 Ashland St - Flagstop Car Wash
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