1956 Crain Hwy Bowie, MD 20716-3416
- Commercial land
- 0.23 lot acres
Current Use by Public Records
- Flagship Carwash / Car Wash
Property Details for 1956 Crain Hwy
- Lot size
- 0.23 lot acres
- Zone code
- CS
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bowie
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.718
- Latitude
- 38.9163
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
