4233 La-1 Port Allen, LA 70767
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.