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Colliers
Colliers
Colliers
Property Details
- Property Type Retail
- Lot Size 0.83 SF
- Additional Rent Contact for pricing
- Date Updated Dec 17, 2024
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 Salisbury, MD. 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 located on a 0.83 acre parcel directly on N Salisbury Blvd (US-13) which sees over 33,000 VPD, is within easy access of Salisbury Bypass/US-50 (32,000 VPD), and is a mile from The Centre at Salisbury, a 862,000 SF super regional mall. The subject property is strategically positioned along the main retail corridor of Salisbury with nearby retailers including Target, Walmart Supercenter, Sam’s Club, The Home Depot, Hobby Lobby, Kohl’s, Chick-fil-A, McDonald’s, Wendy’s, and more. Additionally, several automotive oriented retailers are within the immediate vicinity including Gateway Subaru and Hertrich Chevrolet & Cadillac with numerous other dealerships two miles away.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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Location
- City Salisbury, MD
- Neighborhood Salisbury
- Zip Code 21801
Points of Interest
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Wawa
0.09 miles
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Tesla Supercharger
0.13 miles
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Sam's Club
0.31 miles
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Exxon
0.65 miles
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Shell
0.90 miles
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Sunoco
2.55 miles
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Oceanic
3.16 miles
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Pure
3.23 miles
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Shore Stop
3.59 miles
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Tiger Mart
3.87 miles
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Salisbury Park & Ride
3.83 miles
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Downtown Salisbury Parking Garage
4.25 miles
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Lot 11
4.37 miles
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Avery Street Parking Lot
5.36 miles
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Philosophy and International Education Parking Lot
5.38 miles
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College Avenue Parking Lot G
5.38 miles
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College Avenue Parking Lot H
5.40 miles
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US Rt. 13 Parking Lot A
5.45 miles
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International Faculty Parking Lot
5.46 miles
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Wayne Street Parking Lot
5.51 miles
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Tokyo Steakhouse
0.04 miles
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Chick-fil-A
0.08 miles
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Outback Steakhouse
0.09 miles
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IHOP
0.10 miles
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Chili's
0.13 miles
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Buffalo Wild Wings
0.14 miles
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Panera Bread
0.16 miles
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Plaza Tapatia
0.21 miles
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Burger King
0.22 miles
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McDonald's
0.23 miles
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ALDI
0.11 miles
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Kohl's
0.21 miles
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Walmart Supercenter
0.30 miles
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Target
0.36 miles
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Ross
0.40 miles
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Marshalls
0.45 miles
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Boscov's
1.32 miles
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Sears
1.44 miles
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The Centre at Salisbury
1.45 miles
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Macy's
1.52 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.