4035 Challenger Ave NE - Car Washes FOR SALE
Roanoke, VA 24012 |
$6,791,000 USD
704-379-1985
4035 Challenger Ave NE
Roanoke, VA 24012
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 Challenger Ave (US-460) | 38,000 VPD
- Outparcel to Kroger | 106K SF grocery center
- Attractive population density within a 5-mile radius | 88,468 residents
- Affluent surrounding area | $91,487 average household income within a 3-mile radius
FOR SALE DETAILS
PRICE
$6,791,000 USD
PRICE/SF
$1,483 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
C
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.11 AC
LAND SF
48,352 SF
ZONING
Commercial
APN/PARCEL ID
050.01-01-05.11-0000
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704-379-1985
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704-379-1985
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