Mod Wash - Brand New 20 Yr. Sale Leaseback- Strong Sales
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Mod Wash - Brand New 20 Yr. Sale Leaseback- Strong Sales
4,464 SF Specialty Building Offered at $5,520,000 at a 6.50% Cap Rate in Bridgeville, PA 15017
Investment Highlights
- Brand New 20 Yr. Absolute NNN Sale-Leaseback at Close of Escrow - Accelerated Depreciation Asset
- Best Car Wash Sites within Industry - Near Crossings at South Fayette - Across from ALDI - Interstate 79
- Proven Track Record of Growing Sales - Large Membership Growth - Strong Balance Sheet/Financials
- Fastest Growing Car Wash Co. in U.S. (100+ Locations - 34+ Coming) - One of Most Popular Retail Segments
- Affluent Suburb ($55,538 HHI) outside Pittsburg - Dense Residential Trade Area - 2nd Largest City in State
- Pride of Ownership Construction/Maintenance - Rare 1.50% Annual Rent Bumps - Eco Friendly Model
Executive Summary
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 strategically located along Washington Pike which sees over 23,500 VPD, is a half mile from Interstate 79 (72,116 VPD) and is within 15 miles from downtown Pittsburgh. Nearby retailers include The Home Depot, ALDI, Giant Eagle Supermarket, BJ’s Wholesale Club, Rite Aid, Chick-fil-A, Starbucks, McDonald’s, Dunkin’, Chipotle, and Taco Bell.
This is a great opportunity to purchase an absolute NNN leased car wash in a Pennsylvania’s second largest city with a new long-term lease, six 5-year options, annual rent increases, and zero landlord responsibilities, providing years of inflation resistant cash flows.
ModWash Operates over 100 car washes in 10 states with 34 more currently in development. The fully automated car wash is strategically located along Washington Pike which sees over 23,500 VPD, is a half mile from Interstate 79 (72,116 VPD) and is within 15 miles from downtown Pittsburgh. Nearby retailers include The Home Depot, ALDI, Giant Eagle Supermarket, BJ’s Wholesale Club, Rite Aid, Chick-fil-A, Starbucks, McDonald’s, Dunkin’, Chipotle, and Taco Bell.
This is a great opportunity to purchase an absolute NNN leased car wash in a Pennsylvania’s second largest city with a new long-term lease, six 5-year options, annual rent increases, and zero landlord responsibilities, providing years of inflation resistant cash flows.
Property Facts
| Price | $5,520,000 | Building Class | B |
| Price Per SF | $1,237 | Lot Size | 1.81 AC |
| Sale Type | Investment | Building Size | 4,464 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| Sale Conditions | Sale Leaseback | Year Built | 2022 |
| Property Type | Specialty | Parking Ratio | 6.94/1,000 SF |
| Property Subtype | Car Wash |
| Price | $5,520,000 |
| Price Per SF | $1,237 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Sale Conditions | Sale Leaseback |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.81 AC |
| Building Size | 4,464 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 6.94/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 0322-K-00002-0000-00 | Improvements Assessment | $558,100 |
| Land Assessment | $235,800 | Total Assessment | $793,900 |
PROPERTY TAXES
Parcel Number
0322-K-00002-0000-00
Land Assessment
$235,800
Improvements Assessment
$558,100
Total Assessment
$793,900
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Mod Wash - Brand New 20 Yr. Sale Leaseback- Strong Sales
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