Express Wash Site | Carencro, LA
3,027 SF Specialty Building Offered at $3,846,154 at a 6.50% Cap Rate in Carencro, LA 70520
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,846,154
- Property Type
-
Specialty
- Square Feet
- 3,027 SF
- Price / Square Foot
- $1,271
Listing Contacts
Brian Brisky
Verified Profile
Tiffany Trinidad
Verified Profile
Hannah Briley
Verified Profile
- Property Info
Property Overview
Absolute NNN Lease -
Long-term absolute NNN lease with zero landlord responsibilities. Investors will appreciate the annual rent bumps, over 18 years of term remaining, and two 10-year options.
Prime Retail Location -
Great location on a 1.2-acre pad to a Walmart-anchored shopping center, along the primary north-south corridor in Carencro. Located along Interstate 49 with easy access, great visibility, and high traffic counts. It is surrounded by numerous restaurants and retailers including Super 1 Foods, Walmart, Walgreens, Goodwill, Dollar General, and many others.
Potential Tax Benefits -
Car Wash properties are eligible for bonus depreciation tax benefits. Bonus depreciation rules and eligibility criteria can vary and may be subject to change based on tax laws and regulations, therefore, car wash owners should consult with a tax professional.
Newer Building & Tenant -
The property was built in 2018 and was recently acquired by a new operator, Trademark Car Wash. Trademark currently operates more than 26 locations across 8 states and growing. Acquired by Accelerated Brands in 2022 and ranks No. 482 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America
Great Market -
Carencro is located in south central Louisiana and is a suburb of the nearby city of Lafayette, the parish's largest city and the fourth largest in the state. Lafayette is known as "The Hub City" because of its proximity to major roadways, it's also an economic and cultural hub in the region, home to the University of Louisiana at Lafayette, and has been recognized as a great place to live and retire.
Growing Population -
While the population of Carencro is about 9,200 it has strong population growth, with double-digit growth in the past several censuses. The population within a 10-mile radius of the property is over 173,000 with an average household income of over $72,000.
Long-term absolute NNN lease with zero landlord responsibilities. Investors will appreciate the annual rent bumps, over 18 years of term remaining, and two 10-year options.
Prime Retail Location -
Great location on a 1.2-acre pad to a Walmart-anchored shopping center, along the primary north-south corridor in Carencro. Located along Interstate 49 with easy access, great visibility, and high traffic counts. It is surrounded by numerous restaurants and retailers including Super 1 Foods, Walmart, Walgreens, Goodwill, Dollar General, and many others.
Potential Tax Benefits -
Car Wash properties are eligible for bonus depreciation tax benefits. Bonus depreciation rules and eligibility criteria can vary and may be subject to change based on tax laws and regulations, therefore, car wash owners should consult with a tax professional.
Newer Building & Tenant -
The property was built in 2018 and was recently acquired by a new operator, Trademark Car Wash. Trademark currently operates more than 26 locations across 8 states and growing. Acquired by Accelerated Brands in 2022 and ranks No. 482 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America
Great Market -
Carencro is located in south central Louisiana and is a suburb of the nearby city of Lafayette, the parish's largest city and the fourth largest in the state. Lafayette is known as "The Hub City" because of its proximity to major roadways, it's also an economic and cultural hub in the region, home to the University of Louisiana at Lafayette, and has been recognized as a great place to live and retire.
Growing Population -
While the population of Carencro is about 9,200 it has strong population growth, with double-digit growth in the past several censuses. The population within a 10-mile radius of the property is over 173,000 with an average household income of over $72,000.
Property Details
- Class
- B
- Year Built
- 2018
- Stories
- 1
- Property Subtype
- Car Wash
- Lot Size (sq. ft)
- 52,272 SF
Highlights
- Absolute NNN Lease
- Prime Retail Location
- Newer Building & Tenant
- Great Market & Growing Population
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