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Investment Highlights

  • 100% Bonus Depreciation Eligible
  • High-Traffic Thoroughfare (±54,000 VPD)
  • Built-In Upside with 1.79 Acres of Excess Land
  • Strategic Reinvestment in an Established Location | Complete Q3 2026
  • 1.50% Annual Rent Increases
  • Long-Term Passive NNN Investment

Executive Summary

Arsenal Real Estate Advisors is pleased to exclusively offer for sale a NNN-leased ZIPS Car Wash located at 2806 Patterson Street in Greensboro, North Carolina. The offering features approximately 13.8 years of remaining lease term, attractive 1.50% annual rent increases, and a highly visible location along South Holden Road with traffic counts exceeding ±54,000 vehicles per day. The property benefits from its position near Interstate 40 and downtown Greensboro, providing excellent accessibility within one of the Piedmont Triad's primary commercial corridors. Greensboro represents a strategically important market for ZIPS Car Wash, with 31 locations throughout North Carolina, including 7 locations across the Greensboro–Winston-Salem MSA, supporting the company's membership-based operating model through market density and regional scale. ZIPS has also committed approximately $300,000 toward a Refresh Program scheduled for completion in Q3 2026, further demonstrating its long-term commitment to the location. The property also includes approximately 1.79 acres of excess land, providing additional long-term strategic value and future flexibility. Contact Broker for additional information.

Property Facts

Price $5,659,965 CAD
Price Per SF $1,266.49 CAD
Sale Type Investment NNN
Cap Rate 7.50%
Property Type Specialty
Property Subtype Car Wash
Building Class B
Lot Size 1.49 AC
Building Size 4,469 SF
No. Stories 1
Year Built 2016
Parking Ratio 6.94/1,000 SF
Zoning Commercial (HI)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
0017899
Land Assessment
$2,981,514 CAD
Improvements Assessment
$1,538,226 CAD
Total Assessment
$4,519,741 CAD
  • Listing ID: 41720826

  • Date on Market: 2026-08-12

  • Last Updated:

  • Address: 2806 Patterson St, Greensboro, NC 27407

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