705 Ashland St - Car Washes FOR SALE


Hopewell, VA 23860
$4,923,077 USD
914-403-7574
705 Ashland St, Hopewell, VA for Sale
$4,923,077 USD
Car Washes - FOR SALE
1/2
null | 6.5% Cap Rate

705 Ashland St
Hopewell, VA 23860


HIGHLIGHTS

  • Strong Corporate Guarantee
  • Brand New 20-Year Triple Net (NNN) Lease
  • Established Regional Operator
  • Essential and High-Demand Industry

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,923,077 USD

PRICE/SF

$1,683 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flagstop Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,742 SF

ZONING

B4

APN/PARCEL ID

025-0416

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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