Retail    

Flagstop Car Wash

 Richmond, VA

Asking Price

$3,985,507

Cap Rate

6.90%

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Year Built

2007

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Lease Type

Absolute NNN

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Square Feet

3,336 SF

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Land

.91 AC

For more details on this exclusive listing

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INVESTMENT 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 & 60% Bonus Depreciation

Exclusively Listed By

Jim Ceresnak

Vice President
  jceresnak@northmarq.com      704.807.6452

Maxwell Eaton

Associate
  meaton@northmarq.com      704.935.7010

Jake Gajda

Analyst
  jgajda@northmarq.com   

In Association With
Christopher Doerr

VA Lic. #0225186980

Northmarq

1415 Vantage Park Drive | Suite 220
Charlotte, North Carolina 28203


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