Listed by SURMOUNT, Deltondo Advisory Group Irvine, Marcus & Millichap - Orange County
$6,950,000
Flagship Car Wash
Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 7,727
Cap Rate 6.35%
NOI $441,325
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Class A
Year Built 2003
Acreage 1.250
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Sale Condition Sale for leaseback
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a Flagship Car Wash located at 18 West Germantown Pike, East Norriton Township, PA 19401. The site consists of roughly 7,727 rentable square feet of building space on an estimated 1.25-acre parcel of land. This Flagship Carwash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $441,325 and has scheduled increases of 1.50% annually.
Investment highlights
- Bonus Depreciation Opportunity | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership. This form of depreciation enhances after-tax cash flow and adds to overall investment returns, making this property ideal for investors looking for tax treatment on real estate holdings. Surmount and Marcus and Millichap are not a tax advisors. Please consult your own tax professional.
- Flagship Carwash Corporate Guarantee | The lease is guaranteed by Flagship Carwash, a leading and rapidly growing car wash brand with a strong regional presence. Flagship is the market leader in the DMV area with 50+ operating locations and an extensive development pipeline, and is actively expanding its footprint throughout the Northeast, further strengthening its brand recognition and longterm growth trajectory.
- Strong Demographics & Affluent Consumer Base | The subject property is located within a well-established and prosperous trade area, with approximately 84,900 residents within a 3-mile radius and 176,300 residents within a 5- mile radius. The surrounding community is affluent, with average household incomes of approximately $109,600 within a 3-mile radius and $124,700 within a 5-mile radius, supporting strong consumer spending and long-term retail and restaurant demand.
- Strong Retail Corridor | The subject property is situated along a high-traffic Germantown Pike corridor featuring a diverse mix of national retailers and daily-needs operators, including Weis Markets, Harbor Freight, TJ Maxx, Staples, Chick-fil-A, Tractor Supply, Applebee's, Wawa, and more, driving strong consumer traffic and reinforcing the site’s long-term retail viability.
Listing Contacts
Listed by SURMOUNT, Deltondo Advisory Group Irvine, Marcus & Millichap - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$441,325.00
$36,777.08/mo
Valuation Metrics
0
DSCR
6.35%
Cap Rate
6.35%
ROI
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