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    Take 5 Oil Change Investment Title is generated by Realmo AI

    2000 ROSSER AVE, Waynesboro, VA 22980

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    Claim this Listing
    For Sale
    $1,283,333

    NNN ground lease with escalations in Waynesboro, Virginia.

    Type:Commercial
    Property size:
    1,435 SF
    Price / SF:
    $894/SF
    Added:
    Apr 14, 2026
    Days on Market:
    56
    Last Refresh:
    Apr 14 at 8:18 pm

    Property Features for 2000 ROSSER AVE

    General Information

    Standard status
    Active
    Size
    1,435 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    TIM REAMER
    TIM REAMER

    Listing agent TIM REAMER License #0225195571

    Listing office COTTONWOOD COMMERCIAL LLC

    Listing date Apr 14, 2026

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of COTTONWOOD COMMERCIAL LLC

    HighLights

    • Absolute triple‑net ground lease with tenant responsible for all expenses, including structural obligations.
    • Located in a high‑traffic area on U.S. Route 340 (29,000 AADT) with immediate access to Interstate 64 (43,000 AADT).
    • Adjacent to Chipotle, Aspen Dental, Sheetz, Popeyes, and Texas Roadhouse, and shadow‑anchored by a Walmart Supercenter.
    • Features 10% rent escalations every five years throughout the initial term and all four renewal options.
    • Strong demographics with over 42,000 residents and a daytime population exceeding 46,800 within a five‑mile radius.
    • Take 5 Oil Change is a large and rapidly growing franchise with over 900 locations.

    Overview

    This property is operated by Take 5 under an absolute triple-net ground lease, where the tenant assumes full responsibility for real estate taxes, property insurance, utilities, maintenance, and all structural obligations, including the roof, structure, and parking lot. The lease includes 10% rent escalations every five years throughout the initial term and all four renewal options. The property, with a size of 1435 square feet, is an outparcel to Waynesboro Marketplace, located along U.S. Route 340/Rosser Avenue, which experiences an average daily traffic count of 29,000 vehicles. It offers immediate access to Interstate 64, with an average daily traffic count of 43,000 vehicles. The property is adjacent to Chipotle, Aspen Dental, Sheetz, Popeyes, and Texas Roadhouse, and is shadow-anchored by a Walmart Supercenter. The surrounding retail corridor includes Target, Home Depot, Lowe’s, Best Buy, ALDI, Chick-fil-A, and more than a dozen other national tenants. Within a five-mile radius, there are more than 42,000 residents and a daytime population exceeding 46,800, creating consistent daily demand for automotive services. Take 5 Oil Change, established in 1984, operates over 900 locations across the United States and Canada.
    Location Intelligence

    Current Use by Public Records

    Take 5 Oil ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Ladd Auto & Truck Repair — 4633 Stuarts Draft Hwy, Waynesboro, VA 22980
    • Walmart Auto Care Centers — 116 Lucy Ln, Waynesboro, VA 22980
    • Take 5 Oil Change — 2000 Rosser Ave, Waynesboro, VA 22980
    • Valvoline Instant Oil Change — 601 Shenandoah Village Dr, Waynesboro, VA 22980

    Location Insight

    • Map
    • Local Demand
    City
    Waynesboro
    County
    Waynesboro
    State
    Virginia
    Longitude
    -78.936544
    Latitude
    38.062439

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    FAQs

    What type of property is this?
    Auto shop - NNN ground lease with escalations in Waynesboro, Virginia.
    Where is this auto shop located?
    The property is located at 2000 ROSSER AVE Waynesboro, VA.
    What is the asking price?
    The asking price for this property is $1,283,333.
    What are key features of this property?
    This property features: Absolute triple‑net ground lease with tenant responsible for all expenses, including structural obligations.; Located in a high‑traffic area on U.S. Route 340 (29,000 AADT) with immediate access to Interstate 64 (43,000 AADT).; Adjacent to Chipotle, Aspen Dental, Sheetz, Popeyes, and Texas Roadhouse, and shadow‑anchored by a Walmart Supercenter.
    (540) 434-9922
    We can help!
    Listing Contact
    TIM REAMER
    TIM REAMER
    Real Estate License ID: 0225195571
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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