1328 Julian R Allsbrook Hwy | Roanoke Rapids, NC 27870
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1328 Julian R Allsbrook Hwy
Roanoke Rapids, NC 27870
ModWash · Specialty Property For Sale · 5,078 SF
Investment Highlights
- BRAND NEW CONSTRUCTION SALE LEASEBACK - Built in 2022, this property features a 20-year Absolute NNN lease that will commence at close of escrow
- HIGHLY PROFITABLE BUSINESS - The EBITDA margins on express tunnel sales are higher than most retailers, hovering in the 40 to 50% range
- EXCELLENT EXPOSURE - The property sees over 40,000 vehicles per day on Old Farm Rd, at the intersection of Julian Allsbrook Hwy and Interstate 95.
- STICKY BUSINESS MODEL - Due to the high cost for construction, difficulty with permits, and cost for machinery, carwashes don’t tend to move around.
- SUSTAINABLE RENT - Rent is set at 2.5x this location’s EBITDA, which is conservative for most tenants.
PROPERTY FACTS
| Property Type | Specialty | Building Size | 5,078 SF |
| Property Subtype | Car Wash | No. Stories | 1 |
| Building Class | B | Year Built | 2020 |
| Lot Size | 1.23 AC |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.23 AC |
| Building Size | 5,078 SF |
| No. Stories | 1 |
| Year Built | 2020 |
PROPERTY TAXES
| Parcel Number | 0920747 | Improvements Assessment | $861,900 |
| Land Assessment | $289,300 | Total Assessment | $1,151,200 |
PROPERTY TAXES
Parcel Number
0920747
Land Assessment
$289,300
Improvements Assessment
$861,900
Total Assessment
$1,151,200
zoning
| Zoning Code | RRB4 |
| RRB4 |
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