155 Saint Patricks Dr - Flagship Carwash
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155 Saint Patricks Dr - Flagship Carwash
15,034 SF Speciality Building Offered at £8,507,800 at a 6.75% Net Initial Yield in Waldorf, MD 20603
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- 1.50% Annual Rental Increases
- Corporate Guaranty from Flagship HoldCo LLC | 34+ Unit Guaranty
Executive Summary
NNN Pro Group and Marcus & Millichap are pleased to present the exclusive listing for Flagship Carwash, located at 155 St Patricks Dr in Waldorf, MD. The site consists of roughly 15,700 total rentable square feet of building space on an estimated total of 2.11-acres of land. This Flagship Carwash is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent is $726,923 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
Property Facts
| Price | £8,507,800 | Building Class | B |
| Price Per SF | £566 | Lot Size | 2.11 AC |
| Sale Type | Investment | Building Size | 15,034 SF |
| Net Initial Yield | 6.75% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2022 |
| Property Subtype | Car Wash |
| Price | £8,507,800 |
| Price Per SF | £566 |
| Sale Type | Investment |
| Net Initial Yield | 6.75% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 2.11 AC |
| Building Size | 15,034 SF |
| Number of Floors | 1 |
| Year Built | 2022 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £2,896,572 | |
| Land Assessment | £748,929 | Total Assessment | £3,645,501 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£748,929
Improvements Assessment
£2,896,572
Total Assessment
£3,645,501
zoning
| Zoning Code | CC |
| CC |
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Power Broker Glen Kunofsky -
James Westerberg -
Robert Stein -
Gordon Pollock -
Ryan Morris -
NNN Pro Group
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155 Saint Patricks Dr - Flagship Carwash
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