4233 La-1 Port Allen, LA 70767
- Specialty properties
- 0.50 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 4233 La-1
- Year built
- 2017
- Lot size
- 0.50 lot acres
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
Exceptional investment opportunity: acquire two established, technologically advanced, automatic drive-thru car washes in Port Allen, Louisiana. This portfolio includes two facilities, built in 2017, situated on a combined 0.5 acres. One location is on a ground lease expiring February 28, 2033, while the other sits on land owned by the seller. Both car washes are designed to accommodate a wide range of vehicles, including lifted trucks and those with dual rear wheels. Integrated technology streamlines operations, and a pre-existing maintenance contract ensures ongoing efficiency. Environmental compliance is guaranteed through DEQ monitoring at both sites. The portfolio boasts a strong NOI of $229,756, resulting in an attractive 15.32% cap rate, and an asking price of $1,500,000 ($750,000 per unit). This turnkey operation presents a compelling opportunity for investors seeking a stable, high-return investment in the thriving Louisiana market. The portfolio's established operational and environmental safeguards minimize risk and maximize potential for future growth.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Port Allen
- County
- West Baton Rouge Parish
- State
- Louisiana
- Longitude
- -91.2284
- Latitude
- 30.4085
