6100 Nine Mile RdRichmond, VA 23223

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.