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801 Commerce Center Dr 4,450 SF Retail Building Elkton, MD 21921 $7,000,000 ($1,573.03/SF) 6.25% Cap Rate
Investment Highlights
- Bonus Depreciation Opportunity
- Strong Retail Corridor
- Proximity to ChristianaCare Union Hospital
- Flagship Carwash Corporate Guarantee
- Strong Affluent Demographics
- Situated Between Two Major Metropolitan Markets
Executive Summary
Surmount is pleased to present the exclusive listing for a Flagship Carwash located at 200 Kimberton Road, Phoenixville, PA 19460. The site consists of roughly 11,305 rentable square feet of building space on an estimated 1.75-acre parcel of land. Flagship Carwash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $562,500 and has scheduled increases of 1.50% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,450 SF
Building Class
B
Year Built
2026
Price
$7,000,000
Price Per SF
$1,573.03
Cap Rate
6.25%
NOI
$437,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.43 AC
Opportunity Zone
Yes
Zoning
C2
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-115429 | Improvements Assessment | $0 |
| Land Assessment | $2,915,000 | Total Assessment | $2,915,000 |
Property Taxes
Parcel Number
03-115429
Land Assessment
$2,915,000
Improvements Assessment
$0
Total Assessment
$2,915,000
Contacts
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James Westerberg -
RJ Stein -
Tyler Hardin -
Glen Kunofsky -
Christopher Marks -
Surmount
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