2345 Oneal Ln - Car Washes FOR SALE
Baton Rouge, LA 70816 |
2345 Oneal Ln
Baton Rouge, LA 70816
HIGHLIGHTS
- LONG TERM LEASE - The subject property has over 18 years remaining on the initial term of a Corporate Absolute NNN Lease.
- BONUS DEPRECIATION - Fee simple ownership of a Car Wash provides the landlord the opportunity to use accelerated Bonus depreciation model.
- EXCELLENT VISIBILITY - The immediate area sees over 30,000 Vehicles Per Day on O'Neal Ln and close to 116,500 Vehicles Per Day on Interstate 12.
- GREAT LOCATION - Well-located asset within the growing Baton Rouge MSA. Positioned directly next to Dollar General and near more than 80 retailers.
- RENTAL INCREASES - 1.25% Annual Rental increases throughout the base term gives the investor the ability to hedge against inflation.
- STRONG CORPORATE GUARANTOR - 100+ Locations by the end of 2022 backed by over 50 years of combined car wash experience.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
WhiteWater Express Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
4001
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2015
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
1.18 AC AC
LAND SF
51,401 SF
ZONING
-
APN/PARCEL ID
03276139
