7600 Harpers Grn Moseley, VA 23120
- Specialty properties
- 5,500 SF
- 5.69 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 7600 Harpers Grn
- Year built
- 2024
- Lot size
- 5.69 lot acres
- Property size
- 5,500 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
Exceptional investment opportunity in Moseley, Virginia, presents a brand-new, 5,500 square foot Flagstop Car Wash situated on a 5.69-acre lot at 7600 Harpers Green Way, Chesterfield County, zip code 23120. This single-tenant property boasts a 20-year absolute triple-net (NNN) lease with no landlord responsibilities, commencing at closing. The lease features a strong corporate guarantee from Flagstop Car Wash, a company operating 21 units and backed by Garnett Station Partners, an institutional capital partner with $2.3 billion in assets under management. The annual net operating income (NOI) is $375,000, resulting in a 6.50% capitalization rate. The lease includes annual rent increases of 1.50%, providing consistent growth. Furthermore, four 5-year renewal options are included, potentially extending the lease term to 40 years. Built in 2024, this property is currently 100% occupied and qualifies for 15-year accelerated depreciation and bonus depreciation. The asking price is $5,769,231. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term potential. The property's location in Moseley, Virginia offers excellent visibility and accessibility.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moseley
- County
- Chesterfield
- State
- Virginia
- Longitude
- -77.7101
- Latitude
- 37.3968
