Listed by SURMOUNT
$2,142,857
Urban Xpress Wash
Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 5,631
Cap Rate 7%
NOI $150,000
Occupancy 100%
Tenancy Single
Brand/Tenant Urban Xpress Wash
Lease Type NNN
Price per SqFt $381
Year Built 1970
Acreage 1.340
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Retail | 7.00% CAP | 5,631 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for an Urban Xpress Wash located at 1463 Prospect Street, Ewing Township, NJ 08638. The site consists of roughly 5,631 rentable square feet of building space on an estimated 1.34-acre parcel of land. Urban Xpress Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $150,000 and has scheduled increases of 2.00% Annually.
Investment highlights
- Brand New 20-Year NNN Lease | Long-term lease structure provides passive income with zero landlord responsibilities.
- Attractive Annual Rent Growth | Built-in 2.00% annual increases ensure consistent income growth and inflation hedge.
- Strong Infill Location | Densely populated trade area with over 255,000 residents within a 5-mile radius.
- Essential Service Tenant | Car wash use provides recurring, necessity-based demand with strong daily traffic drivers.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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