ModWash Car Wash | 20 Year Absolute NNN Lease

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 100 car washes in 10 states with 34 more currently in development. The fully automated car wash is strategically located along Washington Pike which sees over 23,500 VPD, is a half mile from Interstate 79 (72,116 VPD) and is within 15 miles from downtown Pittsburgh. Nearby retailers include The Home Depot, ALDI, Giant Eagle Supermarket, BJ’s Wholesale Club, Rite Aid, Chick-fil-A, Starbucks, McDonald’s, Dunkin’, Chipotle, and Taco Bell.

This is a great opportunity to purchase an absolute NNN leased car wash in a Pennsylvania’s second largest city with a new long-term lease, six 5-year options, annual rent increases, and zero landlord responsibilities, providing years of inflation resistant cash flows.

Available