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Flagship Car Wash 2619 Ridge Pike 7,720 SF Retail Building Norristown, PA 19403 $6,750,000 ($874.35/SF) 6.35% Cap Rate
Investment Highlights
- Bonus Depreciation Opportunity
- Strong & Affluent Demographics
- Flagship Carwash Corporate Guarantee
- Dense Retail Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Flagship Car Wash located at 2619 Ridge Pike, Trooper, PA 19403. The site consists of roughly 7,720 rentable square feet of building space on an estimated 1.27-acre parcel of land. Flagship Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $428,625 and has scheduled increases of 1.50% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
7,720 SF
Building Class
C
Year Built
2025
Construction Status
Under Construction
Price
$6,750,000
Price Per SF
$874.35
Cap Rate
6.35%
NOI
$428,625
Tenancy
Single
Building Height
2 Stories
Building FAR
0.14
Lot Size
1.27 AC
Zoning
HC
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 43-00-11875-007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $469,870 |
Property Taxes
Parcel Number
43-00-11875-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$469,870
Contacts
-
James Westerberg -
Robert Stein -
Tyler Hardin -
Glen Kunofsky -
Christopher Marks -
Surmount
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Flagship Car Wash | 2619 Ridge Pike
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