Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Flagship Car Wash located at 18 West Germantown Pike, East Norriton Township, PA 19401. The site consists of roughly 7,727 rentable square feet of building space on an estimated 1.25-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 Demographics & Affluent Consumer Base: The subject property is located within a well-established and prosperous trade area, with approximately 84,900 residents within a 3-mile radius and 176,300 residents within a 5-mile radius. The surrounding community is affluent, with average household incomes of approximately $109,600 within a 3-mile radius and $124,700 within a 5-mile radius, supporting strong consumer spending and long-term retail and restaurant demand. Proximity to Major Medical Center: The subject property is located immediately adjacent to Primary Care of East Norriton, a regional healthcare provider with 30 licensed beds, and is also in close proximity to the Jefferson Einstein Montgomery Hospital, a full-service acute care medical center with approximately 195 licensed beds, providing strong daytime population support from patients, medical staff, and visitors. Flagship Carwash Corporate Guarantee: The lease is guaranteed by Flagship Carwash, a leading and rapidly growing car wash brand with a strong regional presence. Flagship is the market leader in the DMV area with 50+ operating locations and an extensive development pipeline, and is actively expanding its footprint throughout the Northeast, further strengthening its brand recognition and long-term growth trajectory. Strong Retail Corridor: The subject property is situated along a high-traffic Germantown Pike corridor featuring a diverse mix of national retailers and daily-needs operators, including Weis Markets, Harbor Freight, TJ Maxx, Staples, Chick-fil-A, Tractor Supply, Applebee's, Wawa, and more, 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.