6100 Nine Mile RdRichmond, VA 23223

Property Details for 6100 Nine Mile Rd

Year built

1987

Lot size

0.66 AC

Property size (Sq ft)

4,087 SF

Zone code

B-3

Property type

Car washes

APN

819-726-1719

APU

8197261719

Description

This exceptional investment opportunity presents a 4,200-square-foot car wash located at 6100 Nine Mile Rd, Richmond, VA 23223, in Henrico County. The property sits on a 0.66-acre lot and boasts a strong 8.00% cap rate, generating a net operating income (NOI) of $135,603. The property is subject to a long-term, absolute triple-net (NNN) lease with 17.1 years remaining, commencing December 1, 2021, and expiring December 31, 2041. The lease includes five, five-year tenant renewal options, extending the potential lease term to 45 years. Annual rent is $135,603, with a 1.50% annual increase built into the lease. Built in 1987, this property offers significant tax advantages, qualifying for 15-year accelerated depreciation and bonus depreciation. The asking price is $1,695,038, translating to a price per square foot of $403.58. This is a rare opportunity to acquire a stable, high-yielding investment with substantial long-term growth potential. The property's strong tenant, long lease term, and built-in rent increases make it an attractive addition to any investment portfolio.

Location Insight

City

Richmond

County

Henrico

State

Virginia

Latitude

37.5508

Longitude

-77.3401

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@paperhouses.co and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@paperhouses.co.