Overview

Description

This Zips Car Wash is located on Challenger Avenue where traffic counts average 38,000 vehicles per day. Located on an outlot to Kroger and nearby retailers include Walmart Supercenter, Lowe’s, Chick-fil-A, CVS, Starbucks, and more. Zips Car Wash is also located by a 440 acre industrial park that includes Advance Auto Parts, Elizabeth Arden, FedEx Ground, Orvis and tentatively Amazon.

Highlights

• This Zips Car Wash is on a Triple Net lease with approximately 15 years remaining and 1.5% annual increases.
• Conveniently located on an outlot to Kroger and along Challenger Ave where traffic counts average 38,000 vehicles daily.
• Car Washes Qualify for Bonus Depreciation via the Tax Cuts and Jobs Act of 2017. (Please consult your CPA.)
• Nearby retailers include Walmart Supercenter, Lowe’s, Chick-fil-A, CVS, Starbucks, and more. There is also a 440 acre industrial park that includes Advance Auto Parts, Elizabeth Arden, FedEx Ground, Orvis and tentatively Amazon.
• Excellent demographics with 1 mile average household income of $104,074 and 5 mile population of 89,332.
• Zips Car Wash operates over 280 locations in 25 states under 3 brands.
• Roanoke is the center of one of Virginia's largest metropolitan regions, and a hub for transportation, finance, and industry in southwestern Virginia. Ranked as one of International Mountain Biking Association’s top mountain biking destinations in the world.

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