Flagstop Car Wash

Richmond, Virginia

NNN Pro is pleased to present the exclusive listing for a Flagstop Car Wash located at 4810 Nine Mile Road in Richmond, 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

Key Details

Price:: $5,000,000
Cap Rate:: 7.00%
Annual Rent:: $350,000
Address:: 4810 Nine Mile Road, Richmond, Virginia 23223
Property Type:: Net Leased Car Wash
Lease Type:: Triple Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: Close of Escrow
Lease Expiration:: 20 Years Following Close of Escrow
Lease Term Remaining:: 20 Years
Rental Increases:: 1.50% Annually
Lot Size:: 1.13 Acres
Building Size:: 4,392 SF
Year Built:: 2022
Tenant:: Flagstop Car Wash

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Alexandre Marietto

amarietto@nnnpro.com

License: 10401294047

Francis Purritano

fpurritano@nnnpro.com

License: 10401333619

Gordon Pollock

gpollock@nnnpro.com

License: 10401370688

Broker of record

Brian Brockman

Bang Realty Inc.

License: 225245999

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