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705 Ashland St - Flagstop Car Wash 2,926 SF Specialty Building Offered at $6,806,154 CAD at a 6.50% Cap Rate in Hopewell, VA 23860
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee
- Established Regional Operator
- Brand New 20-Year Triple Net (NNN) Lease
- Essential and High-Demand Industry
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Flagstop Car Wash located at 705 Ashland St., Hopewell, VA 23860. The site consists of roughly 2,926 rentable square feet of building space on an estimated 0.57-acre parcel of land. This Flagstop Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/29/2022. The annual rent will be $320,000 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
| Price | $6,806,154 CAD | Building Class | B |
| Price Per SF | $2,326.10 CAD | Lot Size | 0.57 AC |
| Sale Type | Investment | Building Size | 2,926 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2013 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Zoning | B4 | ||
| Price | $6,806,154 CAD |
| Price Per SF | $2,326.10 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.57 AC |
| Building Size | 2,926 SF |
| No. Stories | 1 |
| Year Built | 2013 |
| Opportunity Zone |
Yes |
| Zoning | B4 |
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 025-0416 | Improvements Assessment | $752,958 CAD |
| Land Assessment | $229,495 CAD | Total Assessment | $982,453 CAD |
PROPERTY TAXES
Parcel Number
025-0416
Land Assessment
$229,495 CAD
Improvements Assessment
$752,958 CAD
Total Assessment
$982,453 CAD
CONTACTS
-
Matthew
Anuszkiewicz
-
Francis
Purritano
-
Walker
Stevens
-
Christopher
Marks
-
Brian
Brockman
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VIDEOS
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705 Ashland St - Flagstop Car Wash
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