Flagship Car Wash — Sale in Horsham, PA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Horsham, PA 19044

Photos

Flagship Car Wash — Sale in Horsham, PA, photo 1 of 3
Flagship Car Wash — Sale in Horsham, PA, photo 2 of 3
Flagship Car Wash — Sale in Horsham, PA, photo 3 of 3

Investment Figures

Cap rate
6.45%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the exclusive listing for a Flagship Car Wash located at 233 Easton Road, Horsham, PA 19044. The site consists of roughly 6,235 rentable square feet of building space on an estimated 1.63-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 $435,375 and has scheduled increases of 1.50% annually. 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. 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. Dense Retail Corridor The subject property is situated along a well-established retail corridor featuring a strong mix of national retailers and daily needs operators, including Starbucks, HomeGoods, Lululemon, McDonald's, The Home Depot, Dunkin', CVS Pharmacy, and Wawa in the immediate area. 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 Academic Presence The subject property is located in close proximity to several highly regarded

Market Context

This retail in Horsham, PA is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Horsham, PA — view the full market.

Contact

Explore this market

Similar Retail Business for Sale in Pennsylvania