Flagship Carwash

Fairfax, Virginia

NNN Pro Group is pleased to present the exclusive listing for Flagship Carwash, located at 10874 Fairfax Blvd, Fairfax VA, 22030. The site consists of roughly 4,924 total rentable square feet of building space on an estimated total of 0.54-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 $385,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

About the Investment:

✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
✓ Corporate Guaranty from Flagship HoldCo LLC | 34+ Unit Guaranty
✓ 1.50% Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Accelerated & Bonus Depreciation | Properties Qualify for Both 60% Bonus Depreciation & 15 Year Accelerated Depreciation
✓ The Subject Property Has Been a Profitable Car Wash Location for 50+ Years Demonstrating the Viability of this Location