7600 Harpers Green Way - Flagstop Car Wash Sale-Leaseback 5,500 SF Specialty Building Offered at $8,411,783 CAD at a 7% Cap Rate in Chesterfield, VA 23832
INVESTMENT HIGHLIGHTS
- 20-Year Absolute Triple Net (NNN) Lease | At closing the tenant will execute a brand-new 20-year absolute triple-net lease.
- Strong Corporate Guarantee | The lease will be subject to a strong corporate guarantee from Flagstop Car Wash, which operates 21 units and counting.
- Attractive Rent Increases | The lease will feature scheduled increases of 1.50% annually.
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Flagstop Car Wash located at 7600 Harpers Green Way, Chesterfield, Virginia 23832. The site consists of roughly 5500 rentable square feet of building space on an estimated 5.69-acre parcel of land. This Flagstop Car Wash is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $425,000 and has scheduled increases of 1.50% Annually.
PROPERTY FACTS
| Price | $8,411,783 CAD |
| Price Per SF | $1,529.42 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 5.70 AC |
| Building Size | 5,500 SF |
| No. Stories | 1 |
| Year Built | 2024 |
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $9,767,381 CAD | Total Assessment | $9,767,381 CAD |
CONTACTS
-
Glen Kunofsky -
Alexandre Marietto -
Francis Purritano -
Gordon Pollock -
NNN Pro Group
