Flagstop Car Wash
Henrico, Virginia
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NNN Pro is pleased to present the exclusive listing for a Flagstop Car Wash located at 9486 West Broad Street in Henrico, Virginia. The site consists of roughly 4,392 rentable square feet of building space on an estimated 1.13-acre parcel of land. This Flagstop is subject to a 20-year absolute triple-net (NNN) lease, which commences upon the close of escrow. The current annual rent is $350,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
✓ Rent to Commence Upon Close of Escrow
✓ One and One-Half Percent (1.50%) Rental Increases Occurring Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years