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Car Wash

Flagship Car Wash

2619 Ridge Pike, Trooper, PA 19403

Listing Price: $6,750,000

Cap Rate
6.35%
Tenant Name
Flagship Car Wash
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
7,720
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.52

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Flagship Car Wash located at 2619 Ridge Pike, Trooper, PA 19403. The site consists of roughly 7,720 rentable square feet of building space on an estimated 1.27-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.

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.

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 & Affluent Demographics
The subject property is supported by a dense and affluent trade area, with approximately 68,500 residents within a 3-mile radius and over 162,100 residents within a 5-mile radius. The surrounding community boasts strong average household incomes of $122,300 within 3 miles and $125,300 within 5 miles, providing a solid consumer base with significant spending power.

Dense Retail Corridor
The subject property is situated along a highly active retail corridor, surrounded by a strong mix of national and regional tenants including Lidl, Dunkin', Burger King, Starbucks, ACME Markets, Walgreens, and Popeyes. This concentration of established retailers drives consistent consumer traffic and reinforces the area as a dominant retail destination.

Investment Highlights

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

Broker of Record

  • Timothy B. Stephenson Jr.

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Car Wash

Flagship Car Wash

Listing Price: $6,750,000

Cap Rate
6.35%
Tenant Name
Flagship Car Wash
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
7,720
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.52

Investment Highlights

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

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Flagship Car Wash located at 2619 Ridge Pike, Trooper, PA 19403. The site consists of roughly 7,720 rentable square feet of building space on an estimated 1.27-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. 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. 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 & Affluent Demographics The subject property is supported by a dense and affluent trade area, with approximately 68,500 residents within a 3-mile radius and over 162,100 residents within a 5-mile radius. The surrounding community boasts strong average household incomes of $122,300 within 3 miles and $125,300 within 5 miles, providing a solid consumer base with significant spending power. Dense Retail Corridor The subject property is situated along a highly active retail corridor, surrounded by a strong mix of national and regional tenants including Lidl, Dunkin', Burger King, Starbucks, ACME Markets, Walgreens, and Popeyes. This concentration of established retailers drives consistent consumer traffic and reinforces the area as a dominant retail destination.

Broker of Record

  • Timothy B. Stephenson Jr.

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

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