4035 Challenger Ave NE - Zips Car Wash
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4035 Challenger Ave NE - Zips Car Wash
4,578 SF Speciality Building Offered at £4,972,114 at a 6.75% Net Initial Yield in 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.
Property Facts
| Price | £4,972,114 | Building Class | C |
| Price Per SF | £1,086 | Lot Size | 1.11 AC |
| Sale Type | Investment | Building Size | 4,578 SF |
| Net Initial Yield | 6.75% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2009 |
| Property Subtype | Car Wash |
| Price | £4,972,114 |
| Price Per SF | £1,086 |
| Sale Type | Investment |
| Net Initial Yield | 6.75% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.11 AC |
| Building Size | 4,578 SF |
| Number of Floors | 1 |
| Year Built | 2009 |
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PROPERTY TAXES
| Parcel Number | 050.01-01-05.11-0000 | Improvements Assessment | £364,704 |
| Land Assessment | £568,127 | Total Assessment | £932,832 |
PROPERTY TAXES
Parcel Number
050.01-01-05.11-0000
Land Assessment
£568,127
Improvements Assessment
£364,704
Total Assessment
£932,832
zoning
| Zoning Code | C2S |
| C2S |
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4035 Challenger Ave NE - Zips Car Wash
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