www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33853739
33853734

3805 Wards Road, Lynchburg, VA 24501

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$8,246,000
3 days on market
Updated 3 days ago

Zips Car Wash

Details
Property Type Special Purpose
Sub Type Car Wash
Square Footage 4,456
Cap Rate 6.50%
NOI $536,005
Occupancy 100%
Tenancy Single
Brand/Tenant Zips Car Wash
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 11/30/2038
Remaining Term 12.5
Rent Bumps Yes
Lease Options Six, 5-Year
Price per SqFt $1,851
Broker Co-Op True
Year Built 2018
Buildings 1
Acreage 0.940
Zoning Commercial
Parking Spaces 22 spaces
Parking Per SqFt 4.94
Investment Type Net Lease
Lease Commencement 11/15/2018
Ground Lease No

Annual Rent Increase | Attractive Population Density | Absolute Net Lease

Investment highlights

• Desirable lease term | 12.5 years remaining

• Annual rent increases of 1.50% provide steady NOI growth and a built-in hedge against inflation

• Corporate lease | Zips Car Wash, LLC | 211 locations across the U.S.

• Great visibility from Wards Rd (US-29) | 30,000 VPD

• Across the street from a top performing Walmart Supercenter | Ranks in the 94th percentile nationwide via Placer.ai

• Located inside of dense retail corridor | 3.3M SF within a 2-mile radius

• Stable population growth within 3-miles | 13.75% from ’10-‘25

• Attractive population density within a 5-mile radius | 91,347 residents

• Large industrial presence nearby | 2.9M SF of space within a 2-mile radius

• 15 minutes from Centra Lynchburg General Hospital | 517 beds

• Positioned adjacent to Liberty University | Home to over 16,000 on campus students generating steady year-round traffic

• 5 minutes from Heritage High School | 1,817 students

• 5 minutes from Lynchburg Regional Airport

• Nearby Destination Retailers: Walmart Supercenter, Target, ALDI, Kroger, Food Lion, Lowe’s, Home Depot, Best Buy, Kohl’s, Burlington, PetSmart, Staples, Sam’s Club, Texas Roadhouse, Olive Garden, LongHorn Steakhouse, First Watch, Chick-fil-A, Starbucks, Panda Express, Sheetz, 7 Brew, Cook Out, KFC, Popeyes, Subway, Arby’s,

and more

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$536,005.00
$44,667.08/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

Map

Zoning

Intelligence Badge
A-1 AgricultureAgricultural
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 76 uses
View all 76 uses
Last updated Feb 16, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591