2624 Anderson Hwy - Freestanding FOR SALE


Powhatan, VA 23139
$5,357,143 USD
332-345-4222
2624 Anderson Hwy, Powhatan, VA for Sale
$5,357,143 USD
Freestanding - FOR SALE
1/2
null | 7% Cap Rate

2624 Anderson Hwy
Powhatan, VA 23139


HIGHLIGHTS

  • Long-Term 20-Year NNN Lease
  • Strong Corporate Guarantee
  • Essential and High-Demand Industry
  • Attractive Annual Rental Increases

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Flagstop Car Wash located at 2624 Anderson Hwy, Powhatan, VA 23139. The site consists of roughly 3,083 rentable square feet of building space on an estimated 0.92-acre parcel of land. This Flagstop Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $375,000 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$5,357,143 USD

PRICE/SF

$383 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flagstop Car Wash

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

RC

APN/PARCEL ID

029A-1E-2

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.