3805 Wards Rd - Car Washes FOR SALE
Lynchburg, VA 24502 |
$8,246,000 USD
704-379-1985
3805 Wards Rd
Lynchburg, VA 24502
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
- Corporate lease | Zips Car Wash, LLC | 211 locations across the U.S.
- Great visibility from Wards Rd (US-29) | 30,000 VPD
- Across the street from a top performing Walmart Supercenter | Ranks in the 94th percentile nationwide via Placer.ai
- Stable population growth within 3-miles | 13.75% from ’10-‘25
- Attractive population density within a 5-mile radius | 91,347 residents
FOR SALE DETAILS
PRICE
$8,246,000 USD
PRICE/SF
$1,851 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Zips Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
22
LAND DETAILS
LAND ACRES
0.94 AC
LAND SF
40,946 SF
ZONING
Commercial
APN/PARCEL ID
257-02-016
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704-379-1985
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704-379-1985
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