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4035 Challenger Ave NE
Roanoke, VA 24012

$6,347,650 USD

Carwash For Sale  •  4,578 SF

Property Details

• Property Type Carwash
• Total Building Size 4,578 SF
• Lot Size 1.11 AC
• Building Class C
• Year Built 2009
• Cap Rate 6.75 %
• Zoning C2S

0 Transit Score

40 Walk Score

Highlights

This Zips Car Wash is on a Triple Net lease with 14+ years remaining and 1.5% annual increases.

Conveniently located on an outlot to Kroger and along Challenger Ave where traffic counts average 38,000 vehicles daily.

Car Washes Qualify for Bonus Depreciation via the Tax Cuts and Jobs Act of 2017. (Please consult your CPA.)

Nearby retailers include Walmart Supercenter, Lowe’s, Chick-fil-A, CVS, Starbucks, and more.

There is also a 440 acre industrial park that includes Advance Auto Parts, Elizabeth Arden, FedEx Ground, Orvis and tentatively Amazon.

Excellent demographics with 1 mile average household income of $104,074 and 5 mile population of 89,332.

Property Flyers

CoStar MP

Cap Rate:

6.75 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Roanoke (Northeast Regional - Amtrak)	11 min	-	5.1 mi
Airport	Drive	Walk	Distance
Roanoke/Blacksburg Regional (Woodrum Field)	17 min	-	8.2 mi