7600 Harpers GrnMoseley, VA 23120

  • Retail properties
  • 5,500 SF
For Sale
$5,769,231 View listing

Property Details for 7600 Harpers Grn

Year built
2024
Lot size
5.69 AC
Property size (Sq ft)
5,500 SF
Property type
Retail properties
Property subtype
Other specialty properties

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.

7600 Harpers Grn, Moseley, Virginia

Location Insight

City
Moseley
County
Chesterfield
State
Virginia
Latitude
37.3968
Longitude
-77.7101

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