For Sale
$1,500,000

4233 La-1Port Allen, LA 70767

High-Yield, Turnkey Car Wash Duo

Overview

Added:
Dec 11, 2024
Days on market:
113
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.

Highlights

  • Two drive-thru car washes in Port Allen, LA.
  • Both washes accommodate oversized vehicles, including lifted trucks and duallys.
  • Technology-integrated operations.
  • Existing maintenance contract.
  • DEQ-compliant site.
  • N. Lobdell Carwash operates under a ground lease.

Property Details for 4233 La-1

Property type
Specialty properties, Car washes
Year Built
2017
Buildings
1
Lot Size (sq. ft)
21,780 SF
Units
2

Location Insight

City
Port Allen
County
West Baton Rouge Parish
State
Louisiana
Latitude
30.408518586319
Longitude
-91.22844341479
4233 La-1, Port Allen, Louisiana

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4233 La-1
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