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4035 Challenger Ave NE - Zips Car Wash 4,578 SF Specialty Building Offered at $8,688,290 CAD at a 7% Cap Rate in Roanoke, VA 24012
Investment Highlights
- Desirable lease term | 12+ years remaining
- Corporate lease | Zips Car Wash, LLC | 211 locations across the U.S.
- Attractive population density within a 5-mile radius | 88,468 residents
- Annual rent increases of 1.50% provide steady NOI growth and a builtin hedge against inflation
- Great visibility from Challenger Ave (US-460) | 38,000 VPD
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are please to present for sale Zips Car Wash in Roanoke, VA. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $8,688,290 CAD | Building Class | C |
| Price Per SF | $1,897.84 CAD | Lot Size | 1.11 AC |
| Sale Type | Investment NNN | Building Size | 4,578 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Sale Condition | Build to Suit | Year Built | 2009 |
| Property Type | Specialty | Parking Ratio | 5.46/1,000 SF |
| Property Subtype | Car Wash | ||
| Zoning | Commercial | ||
| Price | $8,688,290 CAD |
| Price Per SF | $1,897.84 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Sale Condition | Build to Suit |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.11 AC |
| Building Size | 4,578 SF |
| No. Stories | 1 |
| Year Built | 2009 |
| Parking Ratio | 5.46/1,000 SF |
| Zoning | Commercial |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 050.01-01-05.11-0000 | Improvements Assessment | $803,266 CAD |
| Land Assessment | $1,021,404 CAD | Total Assessment | $1,824,669 CAD |
Property Taxes
Parcel Number
050.01-01-05.11-0000
Land Assessment
$1,021,404 CAD
Improvements Assessment
$803,266 CAD
Total Assessment
$1,824,669 CAD
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4035 Challenger Ave NE - Zips Car Wash
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