The Auto Spa Express

Hagerstown, Maryland

The NNN Pro Group is pleased to present the exclusive listing for The Auto Spa Express located at 1620 Wesel Blvd, Hagerstown, MD 21740. The site will consist of roughly 3,325 rentable square feet of building space on estimated 1.06-acre parcel of land. The Auto Spa Express is subject to an absolute triple-net (NNN) lease that commenced on 7/01/2021. The initial annual rent is $135,000 and is scheduled to increase by 10% every 5-years throughout the base term and continuing through 4, 5-Year Options.

About the Investment:

✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Approximately 18 Years Remaining
✓ 10.00% Rental Increases Occurring Every 5 Years
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ This Property Qualifies for 15-Year Accelerated Depreciation as well as Bonus Depreciation