Mod Wash - Car Washes FOR SALE


Bridgeville, PA 15017
$5,520,000 USD
949-903-3399
Mod Wash, Bridgeville, PA for Sale
$5,520,000 USD
Car Washes - FOR SALE
1/6
null | 6.5% Cap Rate

Mod Wash
Bridgeville, PA 15017


HIGHLIGHTS

  • Brand New 20 Yr. Absolute NNN Sale-Leaseback at Close of Escrow - Accelerated Depreciation Asset
  • Fastest Growing Car Wash Co. in U.S. (100+ Locations - 34+ Coming) - One of Most Popular Retail Segments
  • Best Car Wash Sites within Industry - Near Crossings at South Fayette - Across from ALDI - Interstate 79
  • Affluent Suburb ($55,538 HHI) outside Pittsburg - Dense Residential Trade Area - 2nd Largest City in State
  • Proven Track Record of Growing Sales - Large Membership Growth - Strong Balance Sheet/Financials
  • Pride of Ownership Construction/Maintenance - Rare 1.50% Annual Rent Bumps - Eco Friendly Model

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to purchase a newly constructed single tenant absolute NNN leased asset that is fully occupied by ModWash in the Greater Pittsburgh Area (Population 2.3 Million). With a 20-year primary term, which commences at close of escrow, six 5-year option periods, and 1.5% annual rent increases throughout the lease, this is an ideal asset for a 1031 exchange or an investor looking for years of inflation resistant income with zero landlord responsibilities. ModWash Operates over 100 car washes in 10 states with 34 more currently in development. The fully automated car wash is strategically located along Washington Pike which sees over 23,500 VPD, is a half mile from Interstate 79 (72,116 VPD) and is within 15 miles from downtown Pittsburgh. Nearby retailers include The Home Depot, ALDI, Giant Eagle Supermarket, BJ’s Wholesale Club, Rite Aid, Chick-fil-A, Starbucks, McDonald’s, Dunkin’, Chipotle, and Taco Bell. This is a great opportunity to purchase an absolute NNN leased car wash in a Pennsylvania’s second largest city with a new long-term lease, six 5-year options, annual rent increases, and zero landlord responsibilities, providing years of inflation resistant cash flows.

FOR SALE DETAILS

PRICE

$5,520,000 USD

PRICE/SF

$1,237 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New 20 Yr. Sale Leaseback- Strong Sales

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

-

APN/PARCEL ID

0322-K-00002-0000-00

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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

Eric CarltonColliersMore Info
949-903-3399

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