8833 Staples Mill Rd - Car Washes FOR SALE


Richmond, VA 23228
$4,155,556 USD
8833 Staples Mill Rd, Richmond, VA for Sale
$4,155,556 USD
Car Washes - FOR SALE
1/3
null | 6.75% Cap Rate

8833 Staples Mill Rd
Richmond, VA 23228


HIGHLIGHTS

  • Long-Term Lease | 2% Annual Rent Escalations | Corporate Guarantee
  • Shared Access w/ Top Performing (80th Percentile) Wawa Nationwide | Robust Retail Corridor
  • Highly Trafficked Road | +/- 36,000 VPD | Going-Home Side
  • Affluent Surrounding Demographics | 5 Mile AHHI - $121,412
  • Rapid Industry Growth | 72% of Drivers Use Professional Car Washing Services
  • Eligible for Accelerated Depreciation & Bonus Depreciation (Must Consult a Tax Professional)

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase an express car wash leased to Flagstop Car Wash with 18.0 years left on an original 20-year Absolute NNN lease. This lease includes 2% annual rent escalations throughout the base term as well as well as the 4, 5-year extension options. The Property shares access with a high performing Wawa that is in the 80th percentile of all Wawa’s nationwide (Source: Placer.ai). Fee simple car wash properties qualify for Accelerated Depreciation and Bonus Depreciation in 2025 (must consult a tax professional). In Association With Christopher Doerr, VA Lic. #0225186980.

FOR SALE DETAILS

PRICE

$4,155,556 USD

PRICE/SF

$1,246 USD /SF

CAP RATE

6.75%

% 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

C

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

B1

APN/PARCEL ID

770-756-1815

ASK ABOUT THIS PROPERTY

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