Mod Wash - Car Washes FOR SALE


Washington, PA 15301
$5,520,000 USD
949-903-3399
Mod Wash, Washington, PA for Sale
$5,520,000 USD
Car Washes - FOR SALE
1/7
null | 6.5% Cap Rate

Mod Wash
Washington, PA 15301


HIGHLIGHTS

  • Brand New 20 Yr. Absolute NNN Sale-Leaseback at Close of Escrow- Accelerated Depreciation Asset
  • Fastest Growing Car Wash Co. in U.S. (100+ Locations- 34+ Coming)- One of Most Popular Retail Segments
  • Best Car Wash Sites in the Space- Near Hollywood Casino/Racetrack- Across from Tanger Factory Outlets
  • Affluent Suburb ($112,025 HHI) outside Pittsburg- Dense Residential Trade Area- 2nd Largest City in State
  • Proven Track Record of Strong Sales- Large Membership Growth- Excellent Balance Sheet/Financials
  • Pride of Ownership Construction/Maintenance- Rare 1.50% Annual Rent Bumps- Eco Friendly Model

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to purchase a newly constructed single tenant absolute NNN leased asset that is fully occupied by ModWash in the Greater Pittsburgh Area (Population 2.3 Million). With a 20-year primary term, which commences at close of escrow, six 5-year option periods, and 1.5% annual rent increases throughout the lease, this is an ideal asset for a 1031 exchange or an investor looking for years of inflation resistant income with zero landlord responsibilities. ModWash Operates over 100 car washes in 10 states with 34 more currently in development. The fully automated car wash is an outparcel to Park Place at the Meadowlands shopping center and is located on Washington Road (U.S. Route 19) which sees over 23,600 VPD. Less than a half mile from the subject property lies the Hollywood Casino at The Meadows which comprises a 350,000 SF Casino with numerous gambling amenities, several dining options, race track with betting facilities, and state-of-the-art bowling alley. Countless retail attractions surround the subject property including the Tanger Outlets, Target, Walmart Supercenter, Sam’s Club, The Home Depot, Lowe’s Home Improvement, Chick-fil-A, Starbucks, McDonald’s, Chipotle, and many more.

FOR SALE DETAILS

PRICE

$5,520,000 USD

PRICE/SF

$1,278 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New 20 Yr. NNN Sale Leaseback- Trophy Site

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

-

APN/PARCEL ID

5200100000001507

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.