FlagShip Car Wash| $6,750,000| 6.45% CAP
» 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. Surmount and Marcus and Millichap are not a tax advisors. Please consult your own tax professional.
» 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 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.
» 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.
