Flagship Triple Net Car
For Sale
Contact for pricing
18 West Germantown Pike, Norristown, PA 19401
Flagship car wash with 20-year NNN lease commencing at close of escrow and scheduled 1.50% annual rent increases.
Property Size7,727 SF
Price / SF$899.44
Days on Market191
Property Features for 18 West Germantown Pike
General Information
Standard status
Active
Size
7,727 SF
Class
A
Property subtype
Retail, Special Purpose
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Net Operating Income
$441,325
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(603) 570-2699
Source:
Crexi
Added: Apr 16
Changed: Oct 20
Last Checked: Oct 23 at 6:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
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Investment Insights
Based on property information with market context.
Surmount presents a flagship car wash offered for sale in East Norriton Township, Pennsylvania. The property includes approximately 7,727 rentable square feet of building space on an estimated 1.25-acre parcel.
This car wash is subject to a 20-year Triple Net (NNN) lease that will commence upon close of escrow. The annual rent is $441,325 with scheduled increases of 1.50% annually.
The asset is positioned as a long-term, lease-driven investment under a triple net structure, with the lease beginning immediately following escrow close.
This car wash is subject to a 20-year Triple Net (NNN) lease that will commence upon close of escrow. The annual rent is $441,325 with scheduled increases of 1.50% annually.
The asset is positioned as a long-term, lease-driven investment under a triple net structure, with the lease beginning immediately following escrow close.
Key Highlights
- Flagship car wash on a roughly 1.25‑acre parcel at 18 West Germantown Pike, East Norriton Township, PA 19401
- Building offers approximately 7,727 rentable SF
- 20‑year Triple Net (NNN) lease subject to commencement upon close of escrow
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$311,126
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,222,520
$6.2M
Cap Rate 7%
$4,444,657
$4.4M
Cap Rate 9%
$3,456,956
$3.5M
Market Conditions
NOI Build-Up for 7,727 SF
Gross rent
$433.0K $56.04/SF
− Vacancy
−$18.2K −$2.35/SF
EGI
$414.8K $53.69/SF
− OpEx
−$103.7K −$13.42/SF
NOI
$311.1K $40.26/SF
Area
Montgomery County, PA
Vacancy
4.20%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,222,520
Cap Rate 7%
$4,444,657
Cap Rate 9%
$3,456,956
Alternative Uses
Best Use
Specialty Retail
$4.44M
$3.89M – $5.19M
NOI $311,126 @ 7.0% cap · market cap 4.48%
Second Best
Retail
$1.33M
$1.17M – $1.55M
NOI $93,271 @ 7.0% cap · market cap 1.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
426k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 28%
Groceries 15%
Apparel 9%
Wawa
Shops & Services
47,002 visits/mo
0.1 miles
Chick-fil-A
Dining
32,598 visits/mo
0.3 miles
Dollar Tree
Shops & Services
31,576 visits/mo
0.2 miles
ACME Markets
Groceries
30,132 visits/mo
0.2 miles
T.J. Maxx
Apparel
27,285 visits/mo
0.2 miles
Demographics for 19401, PA
43,414
Population
18,236
Households
2.4
Avg Household Size
36
Median Age
28%
College-Educated
86%
High-School Grad
6.2 sq mi
ZIP Area
7,002
Density / Sq Mi
$68,646
Median Household Income
$38,050
Median Earnings
$1,392
Median Rent
$225,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Car wash - Flagship car wash with 20-year NNN lease commencing at close of escrow and scheduled 1.50% annual rent increases.
Where is this car wash located?
The property is located at 18 West Germantown Pike Norristown, PA.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Flagship car wash on a roughly 1.25‑acre parcel at 18 West Germantown Pike, East Norriton Township, PA 19401; Building offers approximately 7,727 rentable SF; 20‑year Triple Net (NNN) lease subject to commencement upon close of escrow
