7123 Mechanicsville Tpke - Car Washes FOR SALE


Mechanicsville, VA 23111
$2,227,000 USD
571-229-3283
7123 Mechanicsville Tpke, Mechanicsville, VA for Sale
$2,227,000 USD
Car Washes - FOR SALE
1/4
null | 5.75% Cap Rate

7123 Mechanicsville Tpke
Mechanicsville, VA 23111


HIGHLIGHTS

  • Absolute NNN Lease – No landlord responsibilities
  • 6 Years Remaining on Lease – Long-term, stable investment
  • Prime Location with High Traffic – Over 48,000 cars per day
  • Established & Profitable Tenant – Car Pool, LLC operates five successful locations

OVERVIEW

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 three 5-year renewal options. Rental Increases: 10% rent increases every five years, with the next one in December 2030. Strong Financials: Current NOI of $128,108.75 with a 5.75% cap rate. Surrounding Retail: Located in a dense retail corridor with major national brands. Modern Facilities: 90-foot conveyor tunnel and state-of-the-art wash equipment. Growing Demographics: Population of over 94,086 with an average household income exceeding $90,764 within a five-mile radius. The seller credits the buyer for any rent difference at settlement.

FOR SALE DETAILS

PRICE

$2,227,000 USD

PRICE/SF

$376 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Car Pool Car Wash - Hanover

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

B-3

APN/PARCEL ID

8714-77-5817

ASK ABOUT THIS PROPERTY

Danny HanNBI Realty, LLCMore Info
571-229-3283

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Danny HanNBI Realty, LLCMore Info
571-229-3283

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