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18 W Germantown Pike
Norristown, PA 19401
Flagship Car Wash · Specialty Property For Sale
·
7,727 SF
Investment Highlights
- Bonus Depreciation Opportunity
- Strong Demographics & Affluent Consumer Base
- Flagship Carwash Corporate Guarantee
- Strong Retail Corridor
Executive Summary
Surmount 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.
Property Facts
| Sale Type | Investment | Lot Size | 1.25 AC |
| Cap Rate | 6.35% | Building Size | 7,727 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Car Wash | Year Built | 2003 |
| Building Class | B | ||
| Zoning | C | ||
| Sale Type | Investment |
| Cap Rate | 6.35% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.25 AC |
| Building Size | 7,727 SF |
| No. Stories | 1 |
| Year Built | 2003 |
| Zoning | C |
Property Taxes
| Parcel Number | 33-00-03061-002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $663,087 CAD |
Property Taxes
Parcel Number
33-00-03061-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$663,087 CAD
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