4035 Challenger Ave NE - Car Washes FOR SALE
Roanoke, VA 24012 |
$6,347,650 USD
612-332-6600
4035 Challenger Ave NE
Roanoke, VA 24012
HIGHLIGHTS
- This Zips Car Wash is on a Triple Net lease with 14+ years remaining and 1.5% annual increases.
- Conveniently located on an outlot to Kroger and along Challenger Ave where traffic counts average 38,000 vehicles daily.
- Car Washes Qualify for Bonus Depreciation via the Tax Cuts and Jobs Act of 2017. (Please consult your CPA.)
- Nearby retailers include Walmart Supercenter, Lowe’s, Chick-fil-A, CVS, Starbucks, and more.
- There is also a 440 acre industrial park that includes Advance Auto Parts, Elizabeth Arden, FedEx Ground, Orvis and tentatively Amazon.
- Excellent demographics with 1 mile average household income of $104,074 and 5 mile population of 89,332.
FOR SALE DETAILS
PRICE
$6,347,650 USD
PRICE/SF
$1,387 USD /SF
CAP RATE
6.75%
% 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
C2S
APN/PARCEL ID
050-01-01-05-11
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612-332-6600
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612-332-6600
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