602 Apollo RdScott, LA 70583
- Retail properties
- 1.39 AC
Property Details for 602 Apollo Rd
- Year built
- 2024
- Lot size
- 1.39 AC
- Property type
- Retail properties
- Property subtype
- Other specialty properties
Description
This exceptional investment opportunity presents a brand-new, fee-simple WhiteWater Express Car Wash in Scott, Louisiana. Built in 2024, this 4,867 square foot facility sits on a 1.39-acre lot (APN 6175077) and boasts a 20-year absolute NNN corporate lease with four 5-year options at fair market value, featuring 1.25% annual rent bumps. The lease is fully guaranteed by a multi-state operator with a $500 million net worth, ensuring consistent income and minimal landlord responsibilities. The property generates a strong NOI of $300,000, resulting in a 6.75% cap rate, and is priced at $4,444,000. Its prime location on Apollo Road, near Interstate 10 and Highway 93, benefits from exceptional highway accessibility and proximity to the rapidly growing West Village development, a 143-acre mixed-use project featuring hundreds of new homes and apartments. This high-growth trade area experienced over 283% population growth within a 3-mile radius from 2010 to 2020. The car wash is part of a portfolio of 120+ locations, strategically managed with decades of industry experience and high recurring membership revenue. This property is ideal for bonus depreciation, making it an attractive investment for tax advantages. The location's proximity to Lafayette and its position midway between Houston and New Orleans further enhances its long-term potential.
Location Insight
- City
- Scott
- County
- Lafayette
- State
- Louisiana
- Latitude
- 30.2326
- Longitude
- -92.1074
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].