Flagship Carwash

12920 Hoadly Run Road, Manassas, VA 20112

$5,864,662

Cap Rate 6.65%

Views: 79 DOM: 211 Updated: 07.09.24 Posted: 04.24.24 Status: Active

Summary

Price $5,864,662	Built/Renov 2023	Tenant Flagship Carwash
Cap Rate 6.65%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 9,024	Lease Start 07-01-2024	#Units 34
Price/SF $649.90	Expiration 06-30-2044	Tenant Type Automotive
NOI $390,000	R. Term 19.7	Ownership Fee Simple
Rent/SF $43.22	Increases 1.5%/1/yrs	Pop 5Mi 145,709
Lot/AC 2.20	Options 4/5yrs/1.5%	AHHI 5Mi $148,315

Peter Deltondo

Marcus & Millichap

Contact

Lease Highlights

Brand-new 2023 construction
Flagship Carwash will be executing a brand-new 20-year lease with 4 (5-year) options to extend at the close of escrow
The lease features 1.5% annual rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Flagship Carwash is strategically located on Hoadly Road, with access to 22,500 vehicles passing by daily. The property is in a dense retail corridor, surrounded by well-known national tenants including Starbucks, McDonald's, CVS, Subway, IHOP, 7-Eleven, and more. In the vicinity, there are prominent shopping centers such as The Shops at County Center, The Shops on Apollo, and The Staples Mill...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Flagship Carwash Wikipedia Manassas, Virginia Zip Code 20112 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Flagship Carwash
Guarantor:Corporate
Company:Access Holdings
# Units:34
Stock:Private

About Tenant

Spotless Brands is a car wash company currently partnering with 4 industry-leading brands: Cobblestone Auto Spa, Okie Express Auto Wash, Flagship Carwash, and Ultimate Shine Car Wash. Their car...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,577	56,936	152,056
2023 Total Population :	8,502	55,815	149,078
2023 Employed Civilian Pop :	4,519	29,865	79,391
2023 Total Businesses :	134	843	2,398
2023 Average Household Income :	$ 181,431	$ 178,938	$ 169,345
2023 Total Consumer Spending :	$ 376 M	$ 2448 M	$ 6613 M
2023 Median Age :	37	37	37
2023 Total Households :	2,477	16,351	46,432
2023 Pop Age 25+: Bachelor's Degree :	1,564	9,873	26,812
2023 Average Home Value :	$ 592,865	$ 555,754	$ 546,018

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Thrift Ln	Team Pl	2009	190	0.10 mi
Tango Ln	Tarberry Pl	2009	260	0.13 mi
Token Forest Dr	Alistair Dr	2013	3,500	0.24 mi
Tag Ct	Trentdale Dr	2008	110	0.25 mi
Trentdale Dr	Tag Ct	2010	1,300	0.25 mi
Alistair Dr	Clawson Ln	2010	1,500	0.26 mi
Trentdale Dr	Tango Ln	2008	130	0.28 mi
Olivewood Dr	Hoadly Rd	2009	450	0.29 mi
Opey Ln	Oakland Dr	2009	300	0.32 mi
Token Forest Dr	Purcell Rd	2008	100	0.33 mi

Listing Broker

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