7123 Mechanicsville Tpke - Car Washes FOR SALE


Mechanicsville, VA 23111
$2,135,000 USD
571-229-3283
7123 Mechanicsville Tpke, Mechanicsville, VA for Sale
$2,135,000 USD
Car Washes - FOR SALE
1/9
null | 6% 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

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.

FOR SALE DETAILS

PRICE

$2,135,000 USD

PRICE/SF

$361 USD /SF

CAP RATE

6%

% 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

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

Danny HanNBI Realty, LLCMore Info
571-229-3283

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