Trademark Car Wash

111 Wallace Broussard Road, Carencro, LA 70520

$3,623,188

Cap Rate 6.90%

Views: 120 Updated: 10.29.24 Posted: 07.09.24 Status: Inactive

Summary

Price $3,623,188	Built/Renov 2018	Tenant Trademark Car Wash
Cap Rate 6.90%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,027	Lease Start 03-09-2023	#Units 26
Price/SF $1,223.56	Expiration 03-31-2043	Tenant Type Automotive
NOI $250,000	R. Term 18.4	Ownership Fee Simple
Rent/SF $82.59	Increases 2.0%/1/yrs	Pop 5Mi 49,142
Lot/AC 1.20	Options 2/10yrs/2%	AHHI 5Mi $73,480

Lease Highlights

Trademark Car Wash has 18+ years remaining on the current lease term with 2 (10-year) options to extend
The lease features 2% annual rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Trademark Car Wash is strategically located on Wallace Broussard Road, with access to 3,000 vehicles passing by daily. The property is a pad to a Walmart-anchored shopping center along Interstate 49, offering easy access, great visibility, and a high traffic count of 60,500 VPD. The immediate area is surrounded by well-known national tenants, including Super 1 Foods, Walgreens, Goodwill,...

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Key Features

Build to suit
Near major nationals
WalMart out-parcel
Freeway visibility
Major MSA
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Annual rent increases
Corporate Guarantee

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Links

Trademark Car Wash Wikipedia Carencro, Louisiana Zip Code 70520 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Trademark Car Wash
Guarantor:Corporate
Company:Princeton Equity Group
# Units:26
Stock:Private

About Tenant

Trademark Car Wash is a leading car wash service provider known for offering high-quality, efficient, and environmentally friendly car cleaning solutions. The company focuses on customer...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	3,441	24,265	50,535
2024 Total Population :	3,333	23,532	49,074
2024 Employed Civilian Pop :	1,337	11,249	23,189
2024 Total Businesses :	237	852	1,639
2024 Average Household Income :	$ 60,707	$ 83,102	$ 76,066
2024 Total Consumer Spending :	$ 70 M	$ 662 M	$ 1279 M
2024 Median Age :	39	38	38
2024 Total Households :	1,297	9,002	18,949
2024 Pop Age 25+: Bachelor's Degree :	219	2,859	5,905
2024 Average Home Value :	$ 250,027	$ 317,405	$ 266,198

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Northeast Evangeline Thruway	Hector Connoly Rd	2022	746	0.11 mi
NE Evangeline Throughway	Hector Connoly Rd	2007	7,642	0.13 mi
Northeast Evangeline Thruway	Greg St	2022	2,001	0.13 mi
Northwest Evangeline Thruway	Greg St	2022	1,726	0.18 mi
Hector Connoly Rd	NE Evangeline Throughway	2005	15,234	0.18 mi
Hector Connoly Rd	E Angelle St	2007	5,948	0.18 mi
Hector Connoly Road	E Angelle St	2022	10,389	0.19 mi
Hector Connoly Rd	I- 49	2007	14,855	0.22 mi
	Guilbeau Rd	2022	99	0.23 mi
Bernard St	Hector Connoly Rd	2007	7,674	0.24 mi

Listing Broker

Brian Brisky

Brisky Net Lease

Contact

7 Listings
1021 Views
0 Sold

Tiffany Trinidad

Brisky Net Lease

Contact

3 Listings
584 Views
0 Sold

Brian Brisky

Brisky Net Lease's founder, Brian, recognized an opportunity in 2010 to build a brokerage business with a relationship-driven approach. His company offers clients a blend of hard work, strong ethics, and enjoyment with a commitment to fostering meaningful relationships and a long-term vision. Brian's story started with his father's real estate company in Wisconsin. After being mentored in deal-making, he forged his own path, starting in tertiary markets, which led to getting experience in a

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Tiffany Trinidad

Tiffany serves as an Associate at Brisky Net Lease, bringing a wealth of knowledge and a unique global perspective to the firm. In her role, she focuses on single tenant net lease investment sales and acquisitions, advisory services, and market growth planning and execution. Tiffany is a licensed real estate salesperson in California and an active member of the Los Angeles chapter of Commercial Real Estate Women (CREW). Before she embarked on her commercial real estate career, she spent more

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