1410 Washington RdWashington, PA 15301

Property Details for 1410 Washington Rd

Lot size

0.97 AC

Property type

Other commercial real estate

APN

520-010-00-00-0015-07

APU

5200100000001507

Description

Exceptional investment opportunity: a newly constructed, 4,268 square foot car wash in Washington, PA, boasting a 20-year NNN lease with a 1.5% annual rent increase. Located on a 0.5-acre lot at 1410 Washington Rd (US Route 19), this single-tenant property enjoys a prominent position near major retail destinations including Tanger Outlets, Target, Walmart, and a Hollywood Casino. The property benefits from high visibility with over 23,600 vehicles passing daily. The tenant, ModWash, is a rapidly expanding national chain with over 100 locations and 34 under development, ensuring strong occupancy and consistent income. The lease commenced April 17, 2023, and has a remaining term of 18.4 years, with six 5-year option periods. The property's strong financials include a 6.50% cap rate, $358,977 NOI, and a sale price of $5,520,000 ($1,293.35/sq ft). This asset presents a compelling opportunity for investors seeking a stable, long-term investment with significant upside potential in a high-traffic area. The property's location within a densely populated, affluent suburb of Pittsburgh (average household income $112,025) further enhances its appeal. The fully automated car wash is an outparcel to a shopping center, minimizing landlord responsibilities. This is an ideal asset for a 1031 exchange or any investor seeking a low-maintenance, high-return investment with built-in inflation protection. The property's APN is 520-010-00-00-0015-07.

• Alternative Use

  Use

  Valuation

  Residential

  $9,188,259

  Hospitality

  $8,416,396

  Educational

  $7,002,342

  Medical

  $7,243,164

  Retail

  $10,892,533

Location Insight

City

Washington

County

Washington

State

Pennsylvania

Latitude

40.2123

Longitude

-80.1949

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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