2345 O'neal Ln Baton Rouge, LA 70816
- Specialty properties
- 4,000 SF
- 1.18 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 2345 O'neal Ln
- Year built
- 2015
- Lot size
- 1.18 lot acres
- Property size
- 4,000 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
Exceptional Baton Rouge car wash investment opportunity boasting a 20-year absolute NNN lease with a corporate guarantee from a well-established, rapidly expanding national chain. The property, built in 2015 and renovated in 2022, features 4,000 square feet on a 1.18-acre lot in a high-traffic area with excellent visibility. The lease, commencing August 1, 2022, includes annual rent bumps of 1.25% and four 5-year renewal options, ensuring long-term income stability. The property enjoys a 6% cap rate and a substantial net operating income (NOI) of $253,125. Located on O'Neal Ln, with over 30,000 vehicles passing daily, and near Interstate 12 (over 115,000 vehicles daily), this location benefits from exceptional visibility and proximity to numerous national retailers, including Walmart, Target, and Best Buy. The tenant is responsible for all taxes, insurance, and maintenance, making this a truly passive investment opportunity. The asking price is $4,218,750, representing a price per square foot of $1,054.69. The property's strong tenant, backed by significant private equity investment, provides exceptional security and growth potential. This fee-simple ownership allows for bonus depreciation benefits. The current occupancy is 100%.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge Parish
- State
- Louisiana
- Longitude
- -91.0066
- Latitude
- 30.4357
