2345 O'neal LnBaton Rouge, LA 70816

Property Details for 2345 O'neal Ln

Year built

2015

Lot size

1.18 AC

Property size (Sq ft)

4,000 SF

Property type

Retail properties

Property subtype

Other specialty properties

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%.

Location Insight

City

Baton Rouge

County

East Baton Rouge Parish

State

Louisiana

Latitude

30.4357

Longitude

-91.0066

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