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Single-Tenant Car Wash

9486 West Broad Street, Henrico, VA 23294

For Sale
Contact for pricing

An Absolute NNN lease began in 2024 and includes four five-year renewal options.

Property Size3,982 SF
Lot Size0.91 Acres
Price / SF$1,509
Days on Market33

Property Features for 9486 West Broad Street

General Information

Standard status Active
Size 3,982 SF
Lot size 0.91 Acres
Property subtype Retail, Special Purpose
Occupancy 100%

Site & Location

Traffic Count 43,000 vehicles/day
Highway Access Yes
Road Access Yes

Tenancy & Operations

Tenant in Place Yes
In-Place Lease Type Absolute NNN
Current Tenants Flagstop Car Wash
Real Estate Included Yes

Additional Details

Automotive Uses car wash

Building Details

Buildings 1
Stories 1
Tenancy Single
Listing Agency: Horvath & Tremblay Alexandria
Listed By: Kyle Danielson · License #9538605
Source: Crexi
Added: Oct 8 Changed: Nov 8 Last Checked: Nov 8 at 4:33PM

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 Horvath & Tremblay Alexandria

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Investment Insights

Based on property information with market context.

Flagstop Car Wash occupies a single-story, 3,982-square-foot building on a 0.91-acre corner parcel in Henrico, Virginia. The property is leased to one tenant under an Absolute NNN agreement that commenced in 2024. The base term has more than 17 years remaining, followed by four five-year renewal options. Annual rent increases of 1.5% apply during the base term and renewal periods.

The site is on West Broad Street, where traffic exceeds 43,000 vehicles per day in the immediate area. Kroger and Sam’s Club are adjacent, and the property serves as a pad site to Lowe’s. Interstate 64 is approximately two miles away. Other retailers and restaurants in the trade area include Walmart, Target, Costco, Publix, Chick-fil-A, Applebee’s, Dollar Tree and O’Charley’s.

Key Highlights

  • 3,982‑square‑foot, single‑story car wash on a 0.91‑acre corner parcel
  • Absolute NNN lease commenced in 2024, with 17+ years remaining
  • Four 5‑year renewal options; 1.5% annual rent increases during the base term and renewal periods

Property Analytics

Current Use

Car washes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Pharmacy Veterinary Clinic Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

43,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,080
Businesses Nearby

Demographics for 23294, VA

18,538
Population
8,745
Households
2.1
Avg Household Size
34
Median Age
39%
College-Educated
91%
High-School Grad
4.2 sq mi
ZIP Area
4,414
Density / Sq Mi
$66,587
Median Household Income
$46,387
Median Earnings
$1,553
Median Rent
$279,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Car wash - An Absolute NNN lease began in 2024 and includes four five-year renewal options.
Where is this car wash located?
The property is located at 9486 West Broad Street Henrico, VA.
What is the asking price?
The asking price for this property is $6,009,645.
What are key features of this property?
This property features: 3,982‑square‑foot, single‑story car wash on a 0.91‑acre corner parcel; Absolute NNN lease commenced in 2024, with 17+ years remaining; Four 5‑year renewal options; 1.5% annual rent increases during the base term and renewal periods
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