8660 Youree Dr - Car Washes FOR SALE


Shreveport, LA 71115- Springlake/University Terrace
$2,666,667 USD
704-807-6452
8660 Youree Dr, Shreveport, LA for Sale
$2,666,667 USD
Car Washes - FOR SALE
1/3
null | 7.5% Cap Rate


HIGHLIGHTS

  • Potentially Available for Owner/User or Redevelopment | Contact Broker
  • Frontage on Youree Dr | +/- 33,000 VPD | Main Retail Corridor in South Shreveport
  • Proximity to Top-Performing Walmart in the State | 93rd Percentile of Walmarts in LA
  • Strong Surrounding Demographics | 1.39% Annual Population Growth Since 2020
  • Rapid Industry Growth | 72% of Drivers Use Professional Car Washing Services
  • Eligible for Accelerated & Bonus Depreciation (Must Consult Tax Professional)

OVERVIEW

BRING ALL OFFERS Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase an express car wash leased to ZIPS Car Wash with 15.8 years left on an original 20-year Absolute NNN lease. This lease includes 1.50% annual rent escalations throughout the base term as well as the 6, 5-year extension options. The subject property fronts Youree Dr, experiencing about 33,000 VPD and sitting in one of the main retail corridors in Shreveport. Fee simple car wash properties qualify for Accelerated and Bonus Depreciation in 2025 (must consult a tax professional). In Association With Brad Pepin, LA Broker, BROK.0995687899-ASA. Contact broker regarding recent tenant developments. Property could be available for and owner/user or redevelopment.

FOR SALE DETAILS

PRICE

$2,666,667 USD

PRICE/SF

$663 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ZIPS Car Wash | Bring All Offers

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

36,982 SF

ZONING

C-3

APN/PARCEL ID

171329-077-0003-00

ASK ABOUT THIS PROPERTY

Jim CeresnakNorthmarqMore Info
704-807-6452

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Jim CeresnakNorthmarqMore Info
704-807-6452

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.