Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Flagship Car Wash located at 500 Lancaster Avenue, Strafford, PA 19087. The site consists of roughly 6,000 rentable square feet of building space on an estimated .99-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. 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 & Affluent Demographics: The property is supported by a dense and established Main Line trade area, with approximately 52,100 residents within a 3-mile radius and 147,400 residents within a 5-mile radius, providing a substantial and stable consumer base. The surrounding community is also highly affluent, with average household incomes of approximately $178,100 within a 3-mile radius and $158,700 within a 5-mile radius, supporting strong consumer spending and long-term retail performance. Proximity to Major Medical Center: The property is located just 3.5 miles from Paoli Hospital, a leading regional medical facility with 142 licensed beds, providing strong daytime population and supporting demand from healthcare professionals, patients, and visitors. 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 Retail Corridor: The property is situated along a high-traffic Lancaster Avenue corridor featuring a dynamic mix of automotive, grocery, financial, and daily-needs tenants, including a Tesla dealership, Volvo dealership, Volkswagen dealership, Trader Joe’s, Bank of America, and CVS Pharmacy, among others, driving strong consumer traffic and reinforcing the site’s long-term retail viability. 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.