Car Wash
Flagship Car Wash
10874 Fairfax Blvd, Fairfax, VA 22030
Listing Price: $5,923,077
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for Flagship Carwash, located at 10874 Fairfax Blvd, Fairfax VA, 22030. The site consists of roughly 4,924 total rentable square feet of building space on an estimated total of 0.54-acres of land. This Flagship Carwash is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent is $385,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
Flagship Car Wash
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Corporate Guaranty from Flagship HoldCo LLC | 34+ Unit Guaranty
- Accelerated & Bonus Depreciation | Properties Qualify for Both 60% Bonus Depreciation & 15 Year Accelerated Depreciation
- High Traffic Counts | Over 63,000 and 35,000 Vehicles Per Day Along Fairfax Blvd and Lee Hwy, Respectively
- Spotless Brands is one of the fastest growing and largest car wash companies in the United States.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
Listing Price: $5,923,077
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Corporate Guaranty from Flagship HoldCo LLC | 34+ Unit Guaranty
- Accelerated & Bonus Depreciation | Properties Qualify for Both 60% Bonus Depreciation & 15 Year Accelerated Depreciation
- High Traffic Counts | Over 63,000 and 35,000 Vehicles Per Day Along Fairfax Blvd and Lee Hwy, Respectively
- Spotless Brands is one of the fastest growing and largest car wash companies in the United States.
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for Flagship Carwash, located at 10874 Fairfax Blvd, Fairfax VA, 22030. The site consists of roughly 4,924 total rentable square feet of building space on an estimated total of 0.54-acres of land. This Flagship Carwash is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent is $385,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
