155 St Patricks Dr Saint Charles, MD 20603

This exceptional investment opportunity presents a 15,700 square foot, high-performing car wash located at 155 St Patricks Dr, Waldorf, MD 20603. The property sits on a 2.11-acre lot and boasts a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Flagship HoldCo LLC, covering 34+ units. The current annual rent is $726,923, with a built-in 1.5% annual rent increase. Four five-year tenant renewal options exist, potentially extending the lease term to 40 years. Built in 2010, this 100% occupied property offers significant tax advantages, qualifying for both 60% bonus depreciation and 15-year accelerated depreciation. The asking price is $10,769,231, representing a compelling 6.75% cap rate and a price per square foot of $685.94. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential in a prime location. The property's strong tenant, lease structure, and attractive financial metrics make it an ideal addition to any investment portfolio. The property is a single-tenant operation.