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.
Highlights
18+ years remaining on a corporate absolute NNN lease.
Fee simple ownership allows for bonus depreciation (consult your tax advisor).
High visibility: over 16,600 vehicles per day on Highland Rd and nearly 37,100 on US Highway 61.
Excellent location in Baton Rouge MSA, near 90+ national retailers including Walmart, Walgreens, and Home Depot.
1.25% annual rent increases to hedge against inflation.
Strong corporate guarantor with 100+ locations, backed by Freeman Spogli & Co.
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Contacts
Michael Matusik
Paul Matusik
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20311 Highland Rd, Baton Rouge, Louisiana, 70817
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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20311 Highland Rd
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