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Strickland Brothers Car Wash 7076 LA-1 Hwy 2,513 SF 100% Leased Retail Building Marksville, LA 71351 $5,925,000 CAD ($2,357.74 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Bonus Depreciation Opportunity
- Strong Corporate Guarantee
- Long-Term Tiple-Net (NNN) Lease
- Strong Real Estate Fundamentals
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Strickland Brothers Car Wash located at 7076 Hwy 1, Marksville, LA 71351. The site consists of roughly 2,513 rentable square feet of building space on an estimated 2.2-acre parcel of land. This Strickland Brothers Car Wash is subject to a 20 Years-year Triple Net (NNN) lease, which commenced 3/9/2023. The current annual rent is $300,000 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
2,513 SF
Building Class
C
Year Built
2013
Price
$5,925,000 CAD
Price Per SF
$2,357.74 CAD
Cap Rate
7%
NOI
$414,750 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.03
Lot Size
1.94 AC
PROPERTY TAXES
| Parcel Number | 017-71331900 | Improvements Assessment | $109,485 CAD |
| Land Assessment | $42,050 CAD | Total Assessment | $151,536 CAD |
PROPERTY TAXES
Parcel Number
017-71331900
Land Assessment
$42,050 CAD
Improvements Assessment
$109,485 CAD
Total Assessment
$151,536 CAD
CONTACTS
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Francis Purritano -
Walker Stevens -
Christopher Marks -
Surmount
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Strickland Brothers Car Wash | 7076 LA-1 Hwy
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