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33814376
33814395

2806 Patterson Street, Greensboro, NC 27407

HS
CA CA 02092776
Arsenal Real Estate Advisors
SS
CA 02116683, UT 14240070-PB00 (+3)
Arsenal Real Estate Advisors
Listed by Arsenal Real Estate Advisors
$4,060,000
2 days on market
Updated 2 days ago

Zips Car Wash

Details
APN 17899
Property Type Special Purpose
Sub Type Car Wash
Square Footage 4,340
Units 1
Cap Rate 7.5%
NOI $304,500
Occupancy 100%
Tenancy Single
Brand/Tenant Zips Car Wash
Lease Type Absolute NNN
Lease Term 14
Lease Expiration 03/31/2040
Remaining Term 13.8
Rent Bumps Yes
Lease Options 6, 5-Year
Year Built 2016
Acreage 3.280
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2026
Ground Lease No

7.50% Cap | NNN Lease | Refresh Location

Marketing description

Arsenal Real Estate Advisors is pleased to exclusively offer for sale a NNN-leased ZIPS Car Wash located at 2806 Patterson Street in Greensboro, North Carolina. The offering features approximately 13.8 years of remaining lease term, attractive 1.50% annual rent increases, and a highly visible location along South Holden Road with traffic counts exceeding ±54,000 vehicles per day. The property benefits from its position near Interstate 40 and downtown Greensboro, providing excellent accessibility within one of the Piedmont Triad's primary commercial corridors. Greensboro represents a strategically important market for ZIPS Car Wash, with 31 locations throughout North Carolina, including 7 locations across the Greensboro–Winston-Salem MSA, supporting the company's membership-based operating model through market density and regional scale. ZIPS has also committed approximately $300,000 toward a Refresh Program scheduled for completion in Q3 2026, further demonstrating its long-term commitment to the location. The property also includes approximately 1.79 acres of excess land, providing additional long-term strategic value and future flexibility. Contact Broker for additional information.

Investment highlights

  • 100% Bonus Depreciation Eligible
  • Strategic Reinvestment in an Established Location | Complete Q3 2026
  • High-Traffic Thoroughfare (±54,000 VPD)
  • 1.50% Annual Rent Increases
  • Built-In Upside with 1.79 Acres of Excess Land
  • Long-Term Passive NNN Investment
  • Strong Regional Economy within North Carolina’s Piedmont Triad

Listing Contacts

HS
CA CA 02092776
Arsenal Real Estate Advisors
SS
CA 02116683, UT 14240070-PB00 (+3)
Arsenal Real Estate Advisors
Listed by Arsenal Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$304,500.00
$25,375.00/mo

Valuation Metrics

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DSCR
7.5%
Cap Rate
7.5%
ROI

Map

Zoning

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HI IndustrialHeavy Industrial
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Last updated Jun 8, 2026 For deeper zoning details, reports are available at Zoneomics

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