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Zip Car Wash Absolute NNN Leased Offering

$3,846,154

8660 Youree Drive, Shreveport, LA 71115

Active
Last Updated: 06/29/2023

6.5

Cap Rate

250,000

NOI

Details:
Cap Rate:    6.5%
NOI:    $250,000
Building Size:    4,914 sqft
Lot Area:    0.71 acres
Highlights:
  • LONG TERM ABSOLUTE NNN LEASE
  • 100% FEE SIMPLE INTEREST
  • ZERO LANDLORD OBLIGATIONS
  • SCHEDULED ANNUAL INCREASES IN RENT
  • NEARBY LOUISIANA STATE SHREVEPORT
  • RAPIDLY GROWING OWNER - ACQUIRED 70 LOCATIONS SINCE 2016 - 2ND LARGEST TUNNEL CAR WASH COMPANY IN THE U.S
Description:

The Kase Group is pleased to present Zips Car Wash located in Shreveport, Louisiana. The property consists of 4,914 square feet of building space situated on 0.71 acres of land. Zips Car Wash is the 2nd largest tunnel car wash company in the country with 180 stores. The tenant is subject to a long term absolute net lease with annual increases of 1.5% during the base term and during the six, five year options. The property is strategically located in a major retail trade area nearby Walmart Supercenter, Cinemark, Popeyes, Wendy’s and many others. The property is less than a mile away from Louisiana State University Shreveport and there are many apartment complexes around the site.

LOCATION DESCRPTION. Shreveport is the third-largest city in the state of Louisiana and the 113th-largest city in the United States. This location boasts a 5 mile radius population of 34,008. Shreveport is the commercial and cultural center of the Ark-La-Tex region, where Arkansas, Louisiana, and Texas meet.

In Association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed Louisiana Broker #BROK.995705727-ACT | Costa Mesa, California

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