10765 Wawa Ln White Plains, MD 20695-3051
Property profile & analytics
10765 Wawa Ln White Plains, MD 20695-3051
- Commercial land
- 1.12 lot acres
Property ID
US40-1373032
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Flagship Carwash / Car Wash
Property Details for 10765 Wawa Ln
- Lot size
- 1.12 lot acres
- Zone code
- CC
- Property type
- Commercial land
- APN
- 06-049362
- APU
- 6049362
Description
This exceptional investment opportunity presents the chance to acquire a fee-simple interest in a brand-new, 5,367 square foot Flagship Carwash facility located at 10765 Wawa Lane, White Plains, MD. Built in 2023, this single-tenant property sits on a 1.12-acre lot and boasts a 20-year absolute NNN lease with Flagship Holding Company, LLC, the leading car wash brand in the DC Metro area, operating over 37 locations and boasting over 125,000 active subscription members. The lease provides significant financial security with a corporate guarantee and annual rent escalations of 1.50%. The annual net operating income (NOI) is $366,667, resulting in a 6.65% cap rate. The lease includes four 5-year renewal options, ensuring long-term stability. The property benefits from its strategic location near two additional Flagship locations and enjoys high visibility due to its proximity to a busy Wawa convenience store and significant daily traffic volume (68,700 vehicles per day) at the intersection of US-301 N and Billingsley Rd. This offering presents a compelling combination of strong tenant credit, substantial rent growth potential, and a prime location in a rapidly growing submarket (28.9% growth since 2010). The property is 100% occupied.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,465,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- White Plains
- County
- Charles
- State
- Maryland
- Longitude
- -76.9361
- Latitude
- 38.5952
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,504
$0.00
$0.00
$340,000
-
$346,800
$0.00
$346,800
