Flagship Carwash
White Plains, Maryland
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NNN Pro Group and Marcus & Millichap are pleased to present the exclusive listing for Flagship Carwash, located at 10765 Wawa Ln in White Plains, MD. The site consists of roughly 5,367 total rentable square feet of building space on an estimated total of 1.12-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 $383,500 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
– 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
Talk to the pros
Ryan Morris
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