Express Wash Concepts | 130+ Unit Credit
New 20 Yr Sale Leaseback | 6 Cap | Home Depot Outparcel
Marketing description
Northmarq is pleased to offer for sale the fee simple interest in this Flying Ace Car Wash property located in Hamilton, Ohio. The ±3,091-square-foot express wash sits on just under one acre fronting Home Depot within a dominant regional power center. A new 20-year absolute NNN lease will be executed at closing, featuring 1.5% annual rent increases.
Flying Ace is a flagship brand of Express Wash Concepts, a 130+ unit operator backed by Wildcat Capital Management—whose portfolio includes Club Car Wash (230 units), Frontier Airlines, the Seattle Kraken, DraftKings, and Robinhood.
The property is surrounded by top national retailers such as Target, Walmart, and Dick’s Sporting Goods, alongside high-traffic restaurants like Raising Cane’s and Popeyes. The signalized intersection sees approximately 53,000 vehicles per day, more than double the national median for comparable car wash sites.
Investment highlights
130 Unit Corporate Credit on the Lease (Express Wash Concepts)
Part of Wildcat Capital Mgmt - owner of Club Car Wash, Frontier Airlines, The Seattle Kraken and others
Home Depot Outparcel
Part of a Premier Power Ctr with 53k Cars Per Day
$125k Avg Household Income in the Surrounding Area
Established site, 6+ Years as a Flying Ace Location
Strong Sales, Conservative Rents
20 YR Absolute NNN Lease at the Close of Escrow
1.5% Annual Increases
100% bonus depreciation is back - expense up to 100% of the depreciable assets in year one of ownership (consult with a CPA or tax expert)
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