Collision Repair Net Lease
For Sale
Contact for pricing
2431 Old Washington Rd, Waldorf, MD 20601
Service King collision and repair center offered under a ten-year double net lease with remaining initial term.
Property SizeContact for details
Days on Market124
Property Features for 2431 Old Washington Rd
General Information
Standard status
Active
Property subtype
Industrial
Listing Agency:
Fortis Net Lease
(248) 254-3406
Listed By:
Robert Bender · License #MI 6501323470
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 1:42PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
Fortis Net Lease presents a Service King collision and repair center for sale at 2431 Old Washington Rd in Waldorf, Maryland. The property is operated under a ten-year double net lease with minimal landlord responsibilities and more than seven years remaining on the initial term. The lease includes 3% annual rent increases after the third year of the lease, with the first increase occurring in 2019, and also offers three five-year options. The lease is guaranteed by Service King Inc., a collision and repair chain.
The site is located close to Crain Hwy, a main thoroughfare of Waldorf with over 60,000 VPD. The surrounding area includes a retail and automotive corridor with nearby retailers identified as Ford, Honda, Lowe’s, Walmart, and Home Depot.
Service King was founded in 1976 and has grown to over 340 locations across 22 states. Blackstone purchased majority ownership of Service King in July 2014 and remains the majority owner.
The site is located close to Crain Hwy, a main thoroughfare of Waldorf with over 60,000 VPD. The surrounding area includes a retail and automotive corridor with nearby retailers identified as Ford, Honda, Lowe’s, Walmart, and Home Depot.
Service King was founded in 1976 and has grown to over 340 locations across 22 states. Blackstone purchased majority ownership of Service King in July 2014 and remains the majority owner.
Key Highlights
- Service King collision and repair center at 2431 Old Washington Rd, Waldorf, MD
- Ten‑year double net lease with minimal landlord responsibilities and over seven years remaining on the initial term
- Lease includes 3% annual rent increases after the third year (first increase in 2019) plus three 5‑year options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20601, MD
27,789
Population
10,560
Households
2.6
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
47.8 sq mi
ZIP Area
581
Density / Sq Mi
$120,278
Median Household Income
$59,004
Median Earnings
$2,154
Median Rent
$380,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- ON CALL AUTO LLC — 2890 Robert S. Crain Hwy, Waldorf, MD 20601
- Cottman Transmission and Total Auto Care — 11780 Holly Auto Center Ln, Waldorf, MD 20601
- Meineke Car Care Center — 11770 Holly Auto Center Ln, Waldorf, MD 20601
- Grandeur Automotive — 2825 Crain Hwy, Waldorf, MD 20601
- Tajo Tire — 2825 Robert S. Crain Hwy, Waldorf, MD 20601
Frequently Asked Questions
What type of property is this?
Auto shop - Service King collision and repair center offered under a ten-year double net lease with remaining initial term.
Where is this auto shop located?
The property is located at 2431 Old Washington Rd Waldorf, MD.
What are key features of this property?
This property features: Service King collision and repair center at 2431 Old Washington Rd, Waldorf, MD; Ten‑year double net lease with minimal landlord responsibilities and over seven years remaining on the initial term; Lease includes 3% annual rent increases after the third year (first increase in 2019) plus three 5‑year options
