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Car Wash

Flagship Carwash

801 Commerce Ctr Dr, Elkton, MD 21921

Listing Price: $7,000,000

Cap Rate
6.25%
Tenant Name
Flagship Carwash
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
4,450
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$98.31

Investment Overview

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. Marcus and Millichap are not a tax advisors. Please consult your own tax professional.

Strong Retail Corridor - The property is situated within a thriving retail corridor anchored by a powerful mix of national and regional tenants including Walmart, Staples, Ross, Grocery Outlet, Lion's Food, Sheetz, Chipotle, Wendy's, and numerous additional brands.

Proximity to ChristianaCare Union Hospital - The property is located in close proximity to ChristianaCare Union Hospital, a 103-bed acute care facility and the primary healthcare anchor serving Cecil County and the surrounding region.

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 property benefits from exceptional trade area density, drawing from a robust consumer base of 65,700 residents within a 5-mile radius. Average household incomes of $107,900 and $117,000 within the 3- and 5-mile rings reflect an affluent and established community with strong discretionary spending power.

Situated Between Two Major Metropolitan Markets - 801 Commerce Center Drive is strategically positioned along the I-95 corridor in Elkton, Maryland, placing the site at the crossroads between Philadelphia and Baltimore, two of the most economically active metropolitan areas on the East Coast

Investment Highlights

  • Bonus Depreciation Opportunity
  • Strong Retail Corridor
  • Proximity to ChristianaCare Union Hospital
  • Flagship Carwash Corporate Guarantee
  • Strong Affluent Demographics
  • Situated Between Two Major Metropolitan Markets

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director, Market Leader- Mid-Atlantic

    (202) 536-3700

    License(s) MD: 5005538

    Maryland

Car Wash

Flagship Carwash

Listing Price: $7,000,000

Cap Rate
6.25%
Tenant Name
Flagship Carwash
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
4,450
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$98.31

Investment Highlights

  • Bonus Depreciation Opportunity
  • Strong Retail Corridor
  • Proximity to ChristianaCare Union Hospital
  • Flagship Carwash Corporate Guarantee
  • Strong Affluent Demographics
  • Situated Between Two Major Metropolitan Markets

Investment Overview

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. Marcus and Millichap are not a tax advisors. Please consult your own tax professional. Strong Retail Corridor - The property is situated within a thriving retail corridor anchored by a powerful mix of national and regional tenants including Walmart, Staples, Ross, Grocery Outlet, Lion's Food, Sheetz, Chipotle, Wendy's, and numerous additional brands. Proximity to ChristianaCare Union Hospital - The property is located in close proximity to ChristianaCare Union Hospital, a 103-bed acute care facility and the primary healthcare anchor serving Cecil County and the surrounding region. 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 property benefits from exceptional trade area density, drawing from a robust consumer base of 65,700 residents within a 5-mile radius. Average household incomes of $107,900 and $117,000 within the 3- and 5-mile rings reflect an affluent and established community with strong discretionary spending power. Situated Between Two Major Metropolitan Markets - 801 Commerce Center Drive is strategically positioned along the I-95 corridor in Elkton, Maryland, placing the site at the crossroads between Philadelphia and Baltimore, two of the most economically active metropolitan areas on the East Coast

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director, Market Leader- Mid-Atlantic

    (202) 536-3700

    License(s): MD: 5005538

    Maryland

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