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    1557 General Booth Blvd Virginia Beach, VA 23454

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    For Sale
    $1,217,391

    Long-term NNN lease with attractive annual rental increases.

    Property size:
    1,418 SF
    Lot size:
    0.43 Acres

    Property Features for 1557 General Booth Blvd

    General Information

    Size
    1,418 SF
    Lot size
    0.43 Acres

    Source: NNN Pro Group Agent Edward Otocka

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Investment Opportunity in Virginia

    This investment property features a brand new 20-year absolute triple net (NNN) lease, commencing at the close of escrow, with zero landlord responsibilities. The lease is subject to a strong corporate guarantee from Drive Funding Holdco, LLC, which has over 3,500 units. The property also features annual 1.50% rental increases.
    Insight Report Location Intelligence

    Current Use by Public Records

    Jiffy Lube Oil Change Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach
    State
    Virginia
    Longitude
    -75.9990879
    Latitude
    36.7872469

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    FAQs

    What type of property is this?
    Car wash - Long-term NNN lease with attractive annual rental increases.
    Where is this car wash located?
    The property is located at 1557 General Booth Blvd Virginia Beach, VA.
    What is the asking price?
    The asking price for this property is $1,217,391.
    What are key features of this property?
    This property features: - Long-Term 20-Year NNN Lease: Provides stable, long-term investment income; - Strong Corporate Guarantee: Lease guaranteed by Drive Funding Holdco, LLC (3,500+ Units); - Absolute Triple Net (NNN) Lease: Zero landlord responsibilities
    (332) 345-2408
    Request Owner's contact information
    1557 General Booth Blvd Virginia Beach, VA 23454
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    Virginia Beach, VA 23454
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1557 General Booth Blvd Virginia Beach, VA 23454
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