20311 Highland Rd Baton Rouge, LA 70817-7346
- Investment properties
- 4,350 SF
- 0.84 lot acres
Current Use by Public Records
- WhiteWater Express Car Wash / Car Wash
Property Details for 20311 Highland Rd
- Year built
- 2012
- Lot size
- 0.84 lot acres
- Property size
- 4,350 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 2317389
- APU
- 2317389
Description
This exceptional investment opportunity presents a fee-simple interest in a 3,434 square foot WhiteWater Express Car Wash located in Baton Rouge, Louisiana, at 20311 Highland Rd, 70817. Built in 2012 and renovated in 2022, this single-unit property sits on a 0.86-acre lot and boasts a 20-year absolute NNN lease with a corporate guarantee from a reputable, expanding company. The lease commenced August 1, 2022, and includes four, five-year renewal options, ensuring long-term income stability. The current lease features annual rent bumps of 1.25%, providing inflation protection. The property enjoys 100% occupancy, generating a substantial net operating income (NOI) of $278,438, representing a 6.00% cap rate. The asking price is $4,640,633, translating to $1,351.38 per square foot and $4,640,633 per unit. The property benefits from excellent visibility and is strategically located near numerous national retailers, ensuring high traffic volume. The tenant is responsible for all taxes, insurance, and maintenance, making this a truly passive investment opportunity. The strong corporate guarantor and long-term lease provide significant security and potential for appreciation. This is an ideal investment for those seeking a low-maintenance, high-return asset with substantial long-term growth prospects.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.0063
- Latitude
- 30.3612
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
