For Sale
$5,520,000

3101 Washington Pike Bridgeville, PA 15017

High-Yield NNN Leased Car Wash

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a newly constructed, single-tenant, absolute NNN leased car wash in Bridgeville, Pennsylvania. The 4,224 square foot facility, situated on a 1.81-acre lot (APN 322-K-2), boasts 100% occupancy with a strong, established tenant: ModWash. The property features a 20-year primary lease term commencing at closing, with six 5-year option periods and attractive 1.5% annual rent increases. This translates to a substantial NOI of $358,955 and a compelling 6.50% cap rate, making it an ideal asset for a 1031 exchange or any investor seeking long-term, inflation-resistant income with zero landlord responsibilities. The strategic location on Washington Pike (over 23,500 vehicles per day), less than half a mile from Interstate 79 (72,116 VPD), and within 15 miles of downtown Pittsburgh ensures high visibility and accessibility. The surrounding area features a robust mix of national retailers, including The Home Depot, ALDI, and Giant Eagle, further enhancing the property's value and potential. The asking price is $5,520,000 ($1,306.82 per square foot). This is a rare opportunity to acquire a premium, passively managed asset in a thriving market with a proven track record of growth and strong financials. The property's eco-friendly design and construction further contribute to its appeal.

Highlights

  • Brand new, 20-year absolute NNN sale-leaseback; accelerated depreciation asset.
  • Fastest-growing US car wash company (100+ locations, 34+ planned); high-demand retail segment.
  • Prime car wash location near Crossings at South Fayette, across from ALDI, and Interstate 79.
  • Affluent Pittsburgh suburb ($55,538 average household income); dense residential area.
  • Proven sales growth, strong membership growth, and solid financials.
  • High-quality construction and maintenance; rare 1.5% annual rent increases; eco-friendly design.

Property Details for 3101 Washington Pike

Property type
Specialty properties, Car washes
Square Feet
4,224 SF
Lot Size (sq. ft)
78,844 SF

Location Insight

City
Bridgeville
County
Allegheny
State
Pennsylvania
Latitude
40.3494029
Longitude
-80.1116475

FAQs

What type of property is this?
Specialty property - High-Yield NNN Leased Car Wash
Where is the specialty property located?
The property is located at 3101 Washington Pike Bridgeville, PA.
What is the asking price?
The asking price for this property is $5,520,000.
What are key features of this property?
This property features: Brand new, 20-year absolute NNN sale-leaseback; accelerated depreciation asset.; Fastest-growing US car wash company (100+ locations, 34+ planned); high-demand retail segment.; Prime car wash location near Crossings at South Fayette, across from ALDI, and Interstate 79.
How can I contact the broker?
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3101 Washington Pike
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