Leased Retail Car Wash
220 South St Front Royal, VA 22630
220 South St, Front Royal, VA, 22630
Contact for pricing
For Sale
Contact for pricing
Retail building leased to Jiffy Lube with an on-site car wash, offering 3.5 years remaining on the current lease.
Property Size2,610 SF
Lot Size0.94 Acres
Price / SF$768.20
Days on Market119
Property Features for 220 South St
General Information
- Standard status
- Active
- Size
- 2,610 SF
- Lot size
- 0.94 Acres
- Property subtype
- Retail
Listing agency
Mid Atlantic Commercial
(757) 620-2932
Listed by
Jonathan Guion · License #VA 0226007065
Source
Crexi
Added: Mar 26 Updated: Jul 21 at 10:14PM Checked: Jul 21 at 10:14PM
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 Mid Atlantic Commercial
Investment Insights
Based on property information with market context.
The property consists of one retail building leased to Jiffy Lube, with an on-site car wash. The site is approximately 2,610 SF on 0.94 acres, providing a combined retail-and-wash setup intended to support ongoing vehicle services. The current lease has approximately 3.5 years remaining, and a new owner can operate the car wash.
Located along South Street in Front Royal, the property offers high visibility and convenient access to U.S. Route 340. The surrounding area includes national retailers, service businesses, and residential neighborhoods, supporting local demand for automotive-related services.
As presented, the asset is structured around a single leased retail use with the car wash component on site, creating a straightforward configuration for an owner looking to oversee the wash operation alongside the existing lease.
Located along South Street in Front Royal, the property offers high visibility and convenient access to U.S. Route 340. The surrounding area includes national retailers, service businesses, and residential neighborhoods, supporting local demand for automotive-related services.
As presented, the asset is structured around a single leased retail use with the car wash component on site, creating a straightforward configuration for an owner looking to oversee the wash operation alongside the existing lease.
Key Highlights
- Retail building leased to Jiffy Lube with an on‑site car wash
- Approximately 2,610 SF on 0.94 acres
- About 3.5 years remaining on the current lease
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.9k | $54.00 |
| − Vacancy | −$5.6k | −$2.16 |
| EGI | $135.3k | $51.84 |
| − OpEx | −$33.8k | −$12.96 |
| NOI | $101.5k | $38.88 |
2,610 SF · lease $54.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,477 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$1.25M
$1.09M – $1.46M
NOI $87,309 @ 7.0% cap · market cap 4.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jiffy Lube Multicare
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Rural King Tractors — 465 South St, Front Royal, VA 22630
- Jiffy Lube Multicare — 220 South St, Front Royal, VA 22630
- Dillbuilt Automotive — 521 Short St, Front Royal, VA 22630
- Truckworx Diesel Performance & Repair — 430 Remount Rd #2179, Front Royal, VA 22630
- Hijacked Off-Road & Repair — 350B S Commerce Ave, Front Royal, VA 22630
FAQs
What type of property is this?
Auto shop - Retail building leased to Jiffy Lube with an on-site car wash, offering 3.5 years remaining on the current lease.
Where is this auto shop located?
The property is located at 220 South St Front Royal, VA.
What is the asking price?
The asking price for this property is $2,005,000.
What are key features of this property?
This property features: Retail building leased to Jiffy Lube with an on‑site car wash; Approximately 2,610 SF on 0.94 acres; About 3.5 years remaining on the current lease
