2000 Rosser Ave - Auto Repair FOR SALE


Waynesboro, VA 22980
$1,283,333 USD
540-271-7525
2000 Rosser Ave, Waynesboro, VA for Sale
$1,283,333 USD
Auto Repair - FOR SALE
1/8
null | Request Cap Rate

2000 Rosser Ave
Waynesboro, VA 22980


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,283,333 USD

PRICE/SF

$894 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TAKE 5 OIL CHANGE, WAYNESBORO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

HB

APN/PARCEL ID

51 21 - 5

ASK ABOUT THIS PROPERTY

Tim ReamerCottonwood CommercialMore Info
540-271-7525

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Tim ReamerCottonwood CommercialMore Info
540-271-7525

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