Flagship Triple Net Car
18 West Germantown Pike Norristown, PA 19401
18 West Germantown Pike, Norristown, PA, 19401
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For Sale
Contact for pricing
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 Market98
Property Features for 18 West Germantown Pike
General Information
- Standard status
- Active
- Size
- 7,727 SF
- Property subtype
- Retail, Special Purpose
Building Details
- Year Built
- 2003
Listing agency
SURMOUNT
(332) 345-4222
Listed by
James Westerberg · License #NY 10401304686
Source
Crexi
Added: Apr 16 Updated: Jul 21 at 7:57AM Checked: Jul 22 at 11:05AM
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
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $433.0k | $56.04 |
| − Vacancy | −$18.2k | −$2.35 |
| EGI | $414.8k | $53.69 |
| − OpEx | −$103.7k | −$13.42 |
| NOI | $311.1k | $40.26 |
7,727 SF · lease $56.04/SF/yr · vacancy 4.20% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pete's Express Car ...
Car Wash
Similar For Sale Nearby
FAQs
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
