Listed by SURMOUNT, Deltondo Advisory Group Irvine, Marcus & Millichap - Orange County
$6,750,000
Flagship Car Wash
Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 4,950
Cap Rate 6.35%
NOI $428,625
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Year Built 2025
Acreage 1.490
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Flagship Car Wash located at 130 Browning Lane, Brooklawn, NJ 08030. The site consists of roughly 4,950 rentable square feet of building space on an estimated 1.49-acre parcel of land. Flagship Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $428,625 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 expanding car wash operator with a dominant presence in the DMV region. The company currently operates 50+ locations and has an additional 40 sites in its development pipeline, further strengthening its footprint with planned expansion into the Northeast through 2027.
- Strong Demographics & Affluent Community | The subject property is supported by a dense and affluent trade area, with approximately 93,900 residents within a 3-mile radius and over 377,100 residents within a 5-mile radius. The surrounding community demonstrates strong purchasing power, with average household incomes of $98,500 within 3 miles and $105,200 within 5 miles.
- Prime Outparcel to Brooklawn Shopping Center | The subject property is strategically positioned as an outparcel to the Brooklawn Shopping Center, a high-traffic retail destination anchored by prominent tenants including Petco, Planet Fitness, DaVita, Dollar Tree, ShopRite, Dunkin', Chipotle, KFC, and Advance Auto Parts, among others.
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
$428,625.00
$35,718.75/mo
Valuation Metrics
0
DSCR
6.35%
Cap Rate
6.35%
ROI
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