Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Flagship Car Wash located at 233 Easton Road, Horsham, PA 19044. The site consists of roughly 6,235 rentable square feet of building space on an estimated 1.63-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 $435,375 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 benefits from a dense and highly affluent suburban trade area, with approximately 85,100 residents within a 3-mile radius and over 200,500 residents within a 5-mile radius. The surrounding community boasts average household incomes of approximately $115,000 within a 3-mile radius and $124,600 within a 5-mile radius, supporting strong consumer spending and long-term retail and restaurant demand. Dense Retail Corridor The subject property is situated along a well-established retail corridor featuring a strong mix of national retailers and daily needs operators, including Starbucks, HomeGoods, Lululemon, McDonald's, The Home Depot, Dunkin', CVS Pharmacy, and Wawa in the immediate area. 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 Academic Presence The subject property is located in close proximity to several highly regarded public schools, including Hatboro-Horsham High School (~1,300 students), Keith Valley Middle School (~1,000 students), Simmons Elementary School (~750 students), Hallowell Elementary School (~430 students), and Upper Moreland High School, collectively serving thousands of students in the immediate trade area. 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.