Listed by SURMOUNT, Deltondo Advisory Group Irvine, Marcus & Millichap - Orange County, Marcus & Millichap Brooklyn
$8,346,457
Flagship Carwash
Details
Property Type Retail
Sub Type Auto wash
Square Footage 12,660
Cap Rate 6.35%
NOI $530,000
Occupancy 100%
Tenancy Single
Brand/Tenant Flagship Car Wash
Lease Type NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 6, 5-Year Options
Year Built 2008
Acreage 1.410
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 Carwash located at 2791 South Delsea Drive, Vineland, NJ 08360. The site consists of roughly 12,660 rentable square feet of building space on an estimated 1.41-acre parcel of land. Flagship Carwash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $530,000 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. Bang Realty 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.
- Signalized Corner with Exceptional Traffic Exposure | The property is positioned at the signalized intersection of Delsea Drive and West Sherman Avenue, one of Vineland's primary commercial corridors, capturing over 46,000 vehicles per day.
- Proximity to Rowan College of South Jersey — Cumberland Campus | The subject property is 1.5 miles from Rowan College of South Jersey's Cumberland Campus, home to approximately 2,600 enrolled students and one of the region's primary higher education institutions.
- Proximity to Inspira Medical Center Vineland | The property is located 2 miles from Inspira Medical Center Vineland, a 305-bed acute care facility and the primary regional healthcare anchor serving Cumberland County and surrounding South Jersey communities. Staffed by more than 2,700 healthcare providers and support personnel, the hospital generates a significant and reliable flow of medical professionals, patients, and visitors through the immediate trade area.
- Prime South Jersey Location Near Jersey Shore Destinations | Situated in the heart of South Jersey, the property benefits from its proximity to some of the East Coast's most popular summer destinations, including Ocean City, Wildwood, and Cape May, drawing millions of seasonal visitors through the region each year.
Listing Contacts
Listed by SURMOUNT, Deltondo Advisory Group Irvine, Marcus & Millichap - Orange County, Marcus & Millichap Brooklyn
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$530,000.00
$44,166.67/mo
Valuation Metrics
0
DSCR
6.35%
Cap Rate
6.35%
ROI
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Property History
Tax History
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