Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Flagship Car Wash located at 130 Browning Lane, Brooklawn, NJ 08030. The site consists of roughly 4,950 rentable square feet of building space on an estimated 1.49-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. Strong Demographics & Affluent Community: The subject property is supported by a dense and affluent trade area, with approximately 93,900 residents within a 3-mile radius and over 377,100 residents within a 5-mile radius. The surrounding community demonstrates strong purchasing power, with average household incomes of $98,500 within 3 miles and $105,200 within 5 miles. High Visibility Frontage on Crescent Blvd: The subject property boasts strong frontage along Crescent Boulevard, a major regional connector between Philadelphia, PA, and New Jersey. Crescent Blvd sees over 27,100 vehicles per day, providing excellent exposure to both commuter and local traffic and enhancing the property’s visibility and accessibility for retail and commercial tenants. 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. Prime Outparcel to Brooklawn Shopping Center: The subject property is strategically positioned as an outparcel to the Brooklawn Shopping Center, a high-traffic retail destination anchored by prominent tenants including Petco, Planet Fitness, DaVita, Dollar Tree, ShopRite, Dunkin', Chipotle, KFC, and Advance Auto Parts, among others. Strategic Location Near Philadelphia: The subject property is ideally positioned in close proximity to Philadelphia, one of the nation’s largest and most dynamic metropolitan areas. This premier location benefits from significant commuter traffic, a dense and highly educated workforce, and a diverse, high-spending consumer base. Its accessibility to major employment hubs and regional thoroughfares enhances visibility and convenience, driving sustained retail demand and long-term asset performance.