Lafayette Square Shopping Center & Car Wash
Car Wash and Retail Shopping Center
Marketing description
This retail center is a prime investment opportunity with a strong cash flow. Located on a prime corner lot with high traffic counts and excellent visibility, the center features a diverse mix of retail and service-based businesses, as well as multiple storefronts and ample parking for both customers and tenants. The center also includes a 5-bay self-serve car wash that was recently rebuilt in 2021 with new LED lighting, compressor, water softener, water heater, and heated bay floors. The existing tenants have a history of stable occupancy and rental income, and the center is conveniently situated across the street from a new apartment project. - Do NOT disturb tenants -
Living in Lafayette offers residents a sparse suburban feel and most residents own their homes. In Lafayette there are a lot of restaurants, coffee shops, and parks. Many families and young professionals live in Lafayette and residents tend to have moderate political views. The public schools in Lafayette are highly rated.
Investment highlights
- Strip Center: 5,400 SF
- Below Market Rents
- E-Commerce Resistant, Service-based Tenants
- HVAC - 5 Rooftop units
- 25 parking spaces
- 85% Occupied with diverse tenant mix
- Base rent annual escalations
- Roof in great condition - 9 years old
- 5 self-serve bays: 1,993 SF
- Traffic count- 17,141/day
- Major Capital Improvements 2021/2022
- Heated floor slabs
- LED lighting
- New Compressor
- New water softener
- 2 New Change machines
- 3 New Vacuums
- New Water Heater
- New Nayax Credit Card System
- Room to add value - add more vac & vending
- Video security system
- Many other upgrades
Listing Contacts
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Property History
Tax History
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