2755 Salisbury Blvd Salisbury, MD 21801

Exceptional investment opportunity: This 5,766 square foot, newly constructed car wash in Salisbury, Maryland presents a compelling investment proposition. Located on a 0.83-acre lot at 2755 N Salisbury Blvd, this property boasts a 20-year absolute NNN lease with a 1.5% annual rent increase, commencing April 17, 2023, and expiring April 17, 2043. The tenant, a rapidly expanding national car wash company with over 100 locations and 34 more under development, enjoys 100% occupancy, generating a substantial NOI of $282,346 and a 6.50% cap rate. The property benefits from its strategic location within a high-traffic retail corridor, adjacent to major retailers such as Walmart, Target, and Sam's Club, ensuring high visibility and consistent customer flow. The asking price is $4,345,000, translating to $753.56 per square foot. This eco-friendly, high-quality construction offers accelerated depreciation benefits and represents a rare opportunity for long-term, inflation-resistant income with minimal landlord responsibilities. The property's prime location in an affluent coastal suburb near Washington, D.C., further enhances its investment appeal. The tenant's proven track record of strong sales and membership growth, coupled with its excellent financial standing, solidifies this asset as a secure and profitable investment. This is an ideal asset for a 1031 exchange or any investor seeking a low-maintenance, high-return investment.