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| Price $7,999,500 | Built/Renov 2015 | Tenant Zips Car Wash |
| Cap Rate 6.50% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
4,456
| Lease Start
11-15-2018
| #Units
280
|
| Price/SF $1,795.22 | Expiration
11-30-2038
| Tenant Type Automotive |
| NOI $520,280 | R. Term 13.11 | Ownership Fee Simple |
| Rent/SF
$116.76
| Increases 1.5%/1/yrs | Pop 5Mi 89,223 |
| Lot/AC 0.94 | Options 6/5yrs/1.5% | AHHI 5Mi $76,286 |
| | |
Zips Car Wash is strategically located on Wards Road, with access to 41,000 vehicles passing by daily. Adjacent to Liberty University’s campus, with a total enrollment of 135,000 students, it stands near one of the world’s largest Christian universities. Furthermore, the property is conveniently situated across the street from Walmart Supercenter and Sam’s Club. National tenants in the...
...Build to suit
Dense retail corridor
Near major nationals
University college close
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Annual rent increases
Corporate Guarantee
Over 100 Units backed
Zips Car Wash is the fastest-growing car wash company in the United States. They have over 280 locations in 25 states throughout the Southeastern and Central U.S. with approximately 1,600...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,820 | 38,412 | 90,787 |
| 2023 Total Population : | 8,821 | 37,559 | 89,223 |
| 2023 Employed Civilian Pop : | 2,596 | 17,251 | 42,599 |
| 2023 Total Businesses : | 280 | 1,133 | 3,736 |
| 2023 Average Household Income : | $ 66,888 | $ 74,457 | $ 76,286 |
| 2023 Total Consumer Spending : | $ 43 M | $ 854 M | $ 2332 M |
| 2023 Median Age : | 21 | 30 | 34 |
| 2023 Total Households : | 734 | 13,167 | 35,000 |
| 2023 Pop Age 25+: Bachelor's Degree : | 327 | 5,969 | 12,743 |
| 2023 Average Home Value : | $ 228,863 | $ 217,936 | $ 226,422 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Wards Road | Atlanta Ave | 2021 | 40,000 | 0.22 mi |
| Wards Rd | Atlanta Ave | 2016 | 40,000 | 0.22 mi |
| Wards Road | Wards Rd | 2021 | 40,000 | 0.23 mi |
| Wards Road | Atlanta Ave | 2020 | 38,000 | 0.23 mi |
| Wards Rd | Atlanta Ave | 2016 | 40,000 | 0.27 mi |
| Champion Cir | 2021 | 7,200 | 0.35 mi | |
| Jerry Falwell Parkway | Liberty Ln | 2018 | 52,000 | 0.36 mi |
| CVCC Campus Drive | Wards Ferry Rd | 2020 | 120 | 0.40 mi |
| Jerry Falwell Parkway | Candlers Mountain Rd | 2020 | 46,000 | 0.40 mi |
| Jerry Falwell Parkway | Candlers Mountain Rd | 2018 | 52,000 | 0.40 mi |
Oceanside, CA
Cap Rate 6.25%
Lease Abs NNN
R. Term 20.20 yrs
Size/SF 4,195
Fort Lauderdale, FL
Cap Rate 6.00%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 2,688
Riverside, CA
Cap Rate 5.75%
Lease Abs NNN
R. Term 19.70 yrs
Size/SF 5,380
Lynchburg, VA
Cap Rate 6.50%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 4,456
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
