1557 General Booth Blvd, Virginia Beach, VA

Listing agent Edward Otocka

Listing office NNN Pro Group Show Phone

Listing date Jan 30, 2025

Source Moodyscre

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

-75.9991

Latitude

36.7872

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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 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