1956 Crain HwyBowie, MD 20716

Property Details for 1956 Crain Hwy

Lot size

0.23 AC

Zone code

CS

Property type

Land

Property subtype

Commercial land

APN

07-5505219

APU

75505219

Description

This exceptional investment opportunity presents a fee-simple ownership of the Flagship Carwash, a 12,871 square-foot facility situated on a 4.18-acre lot at 1956 Robert S. Crain Hwy, Bowie, MD 20716. Built in 2018, the property boasts a strong 6.75% cap rate, generating a substantial net operating income (NOI) of $556,875 annually. The property is secured by a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Flagship HoldCo LLC, providing significant financial stability. The lease includes annual rent increases of 1.50%, further enhancing the investment's long-term value. Four five-year renewal options extend the potential lease term to 40 years. This property offers accelerated and bonus depreciation benefits, making it an attractive proposition for investors seeking both strong cash flow and significant tax advantages. The property's size, location, and lease terms combine to create a compelling investment opportunity with substantial upside potential. The asking price is $8,250,000.

• Alternative Use

  Use

  Valuation

  Residential

  $1,870,325

  Hospitality

  $1,713,207

  Educational

  $1,425,368

  Medical

  $1,474,389

  Retail

  $2,217,240

Location Insight

City

Bowie

County

Prince George's

State

Maryland

Latitude

38.9163

Longitude

-76.718

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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