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2345 Oneal Ln
Baton Rouge, LA 70816

$4,218,750 USD

Carwash For Sale  •  4,001 SF

Property Details

• Property Type Carwash
• Total Building Size 4,001 SF
• Lot Size 1.18 AC
• Building Class B
• Year Built 2015
• Cap Rate 6.00 %

0 Transit Score

42 Walk Score

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.

Property Flyers

OM - WWCW - O'Neal Ln - Baton Rogue, LA-min

Cap Rate:

6.00 %

Public Transportation

Airport	Drive	Walk	Distance
Baton Rouge Metro Ryan Field	22 min	-	14.0 mi