Trademark Car Wash - Express Wash Site | Carencro, LA

111 Wallace Broussard Road, Carencro, LA

$3,846,154

Price

6.5%

Cap Rate

$250,000

NOI

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Map
Overview
Cap Rate
6.5%
NOI
$250,000
Building Size
3,027 sqft
Lot Area
1.197 acres
Occupancy
100%
Year Built
2018
Floors
1
Parking Spots
42
Description

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 southcentral 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.


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