Mod Wash Express Car Wash - 20 Yr. NNN

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to purchase a newly constructed single tenant absolute NNN leased asset that is fully occupied by ModWash in the Greater Pittsburgh Area (Population 2.3 Million). With a 20-year primary term, which commences at close of escrow, six 5-year option periods, and 1.5% annual rent increases throughout the lease, this is an ideal asset for a 1031 exchange or an investor looking for years of inflation resistant income with zero landlord responsibilities. ModWash Operates over 80 car washes in 9 states with several dozen more currently in development. The fully automated car wash is an outparcel to Park Place at the Meadowlands shopping center and is located on Washington Road (U.S. Route 19) which sees over 23,600 VPD. Less than a half mile from the subject property lies the Hollywood Casino at The Meadows which comprises a 350,000 SF Casino with numerous gambling amenities, several dining options, race track with betting facilities, and state-of-the-art bowling alley. Countless retail attractions surround the subject property including the Tanger Outlets, Target, Walmart Supercenter, Sam’s Club, The Home Depot, Lowe’s Home Improvement, Chick-fil-A, Starbucks, McDonald’s, Chipotle, and many more.