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4035 Challenger Ave NE - Zips Car Wash

4,578 SF Specialty Building Offered at $6,347,650 at a 6.75% Cap Rate in Roanoke, VA 24012

Car Washes Virginia Roanoke 4035 Challenger Ave NE, Roanoke, VA 24012

Investment Highlights

  • This Zips Car Wash is on a Triple Net lease with 14+ years remaining and 1.5% annual increases.
  • Car Washes Qualify for Bonus Depreciation via the Tax Cuts and Jobs Act of 2017. (Please consult your CPA.)
  • There is also a 440 acre industrial park that includes Advance Auto Parts, Elizabeth Arden, FedEx Ground, Orvis and tentatively Amazon.
  • Conveniently located on an outlot to Kroger and along Challenger Ave where traffic counts average 38,000 vehicles daily.
  • Nearby retailers include Walmart Supercenter, Lowe’s, Chick-fil-A, CVS, Starbucks, and more.
  • Excellent demographics with 1 mile average household income of $104,074 and 5 mile population of 89,332.

Executive Summary

Net, Net, Net. No landlord responsibilities.

Attachments

CoStar MP

Property Facts

Price $6,347,650 Building Class C
Price Per SF $1,387 Lot Size 1.11 AC
Sale Type Investment Building Size 4,578 SF
Cap Rate 6.75% No. Stories 1
Property Type Specialty Year Built 2009
Property Subtype Car Wash
Price $6,347,650
Price Per SF $1,387
Sale Type Investment
Cap Rate 6.75%
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
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PROPERTY TAXES

Parcel Number 050.01-01-05.11-0000 Improvements Assessment $465,600
Land Assessment $725,300 Total Assessment $1,190,900

PROPERTY TAXES

Parcel Number
050.01-01-05.11-0000
Land Assessment
$725,300
Improvements Assessment
$465,600
Total Assessment
$1,190,900

zoning

Zoning Code C2S
C2S
(612) 332-6600

Contacts

  • Listing ID: 30935783

  • Date on Market: 2/12/2024

  • Last Updated:

  • Address: 4035 Challenger Ave NE, Roanoke, VA 24012

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4035 Challenger Ave NE - Zips Car Wash
(612) 332-6600 x

4035 Challenger Ave NE - Zips Car Wash

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Keith Sturm

(612) 332-6600

(612) 332-6600

Amanda Leathers

(612) 436-0045

(612) 436-0045

Deborah Vannelli

(612) 376-4475

(612) 376-4475

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