Trademark Car Wash

111 Wallace Broussard Road, Carencro, LA 70520

$3,623,188

Cap Rate 6.90%

Views: 82 DOM: 69 Updated: 08.28.24 Posted: 07.09.24 Status: Active

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 18.6	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,...

...

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

...

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...

...

Listing Broker

Brian Brisky

Brisky Net Lease

Contact

7 Listings
780 Views
0 Sold

Tiffany Trinidad

Brisky Net Lease

Contact

3 Listings
456 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

...

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

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT