18 W Germantown Pike - Car Washes FOR SALE


Norristown, PA 19401
$6,950,000 USD
516-477-7026
18 W Germantown Pike, Norristown, PA for Sale
$6,950,000 USD
Car Washes - FOR SALE
1/3
null | 6.35% Cap Rate

18 W Germantown Pike
Norristown, PA 19401


HIGHLIGHTS

  • Bonus Depreciation Opportunity
  • Flagship Carwash Corporate Guarantee
  • Strong Demographics & Affluent Consumer Base
  • Strong Retail Corridor

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$1,022 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flagship Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C

APN/PARCEL ID

33-00-03061-002

ASK ABOUT THIS PROPERTY

James WesterbergSurmountMore Info
516-477-7026

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James WesterbergSurmountMore Info
516-477-7026

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.