Car Wash
Flagship Car Wash
1956 Robert S. Crain Hwy, Bowie, MD 20716
Listing Price: $6,900,000
Cap Rate
6.75%
Tenant Name
Flagship Car Wash
Guarantor
Corporate Guarantee
Rentable SF
12,871
Lease Type
Absolute Net
Rent Per Square Feet
$36.19
Investment Overview
1956 Crain Highway, Bowie, MD
Flagship Car Wash
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Corporate Guaranty from Flagship HoldCo LLC | 34+ Unit Guaranty
- Spotless Brands was founded in 2019 with the purpose of revolutionizing the car wash industry by building best-in-class brands with leadership positions in premium markets.
- Spotless Brands is one of the fastest growing and largest car wash companies in the United States.
- Affluent Community | Average Household Income Exceeds $158,800 Within a Five- Mile Radius of Subject Property
- Robust Traffic Counts | Over 65,400 and 24,600 Vehicles Per Day Along Crain Highway and Central Avenue, Respectively
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $6,900,000
Cap Rate
6.75%
Tenant Name
Flagship Car Wash
Guarantor
Corporate Guarantee
Rentable SF
12,871
Lease Type
Absolute Net
Rent Per Square Feet
$36.19
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Corporate Guaranty from Flagship HoldCo LLC | 34+ Unit Guaranty
- Spotless Brands was founded in 2019 with the purpose of revolutionizing the car wash industry by building best-in-class brands with leadership positions in premium markets.
- Spotless Brands is one of the fastest growing and largest car wash companies in the United States.
- Affluent Community | Average Household Income Exceeds $158,800 Within a Five- Mile Radius of Subject Property
- Robust Traffic Counts | Over 65,400 and 24,600 Vehicles Per Day Along Crain Highway and Central Avenue, Respectively
Investment Overview
1956 Crain Highway, Bowie, MD
Exclusively Listed By
Broker of Record
Financing By
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