Recently reduced price — offering a compelling investment opportunity at $2,135,000.
Prime Location: Strategically situated in Hanover County, with high visibility and accessibility.
High Traffic Count: Over 48,000 cars per day, ensuring strong customer flow.
Established Tenant: Car Pool, LLC — Virginia’s largest full-service car wash operator.
Absolute NNN Lease: Zero landlord responsibilities, making it a hassle-free investment.
Long-Term Lease: 6 years remaining with 3 renewal options of 5 years each.
Rental Increases: 10% rent increases every 5 years, with the next one due in December 2030.
Strong Financials: Currently delivering an NOI of $128,052.50 with a 6% cap rate.
Surrounding Retail: Located in a dense retail corridor with major national brands.
Modern Facilities: 90-foot conveyor tunnel with state-of-the-art wash equipment.
Growing Demographics: The 5-mile population exceeds 94,086, with an average household income above $90,764.
The seller will credit the buyer for any rent difference at settlement.