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28669446
28669447

472 Belle Terre Boulevard, LaPlace, LA 70068

RN
NY 10401294015
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$2,630,049
192 days on market
Updated 87 days ago

Take 5 Car Wash

Details
Property Type Special Purpose
Sub Type Car Wash
Square Footage 4,448
Cap Rate 6%
NOI $157,803
Occupancy 100%
Lease Type NNN
Lease Expiration 12/31/2049
Remaining Term 23.6
Price per SqFt $591
Year Built 2008
Year Renovated 2022
Acreage 1.090
Tenant Credit Corporate Guarantee
Ownership Fee Simple

Special Purpose | 6.00% CAP | 4,448 SqFt

Marketing description

Surmount is pleased to present the exclusive listing for a Take 5 Car Wash - Whistle Express Corporate Guaranty located at 472 Belle Terre Boulevard, LaPlace, LA, 70068. The site consists of roughly 4,448 rentable square feet of building space on an estimated 1.09-acre parcel of land. The current annual rent is $157,803 and has scheduled increases of 1.90% annual beginning 1/1/2030.

Investment highlights

  • Over 24 Years Remaining | True Triple Net Lease | The property is backed by a new NNN lease, offering investors stable and passive income with zero landlord obligations. Scheduled 1.90% annual rent increases beginning on 1/1/2030 provide consistent cash flow growth.

  • Bonus Depreciation | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership. This form of depreciation enhances after-tax cash flow and adds to overall investment returns, making this property ideal for investors looking for tax treatment on real estate holdings. Surmount is not a tax advisor. Please consult your own tax professional.

  • Lease Guaranteed By Whistle Express | Largest Car Wash Operator In America | The lease is backed by Whistle Express, the nation’s largest car wash operator, providing investors with security and stability. As a market leader with a rapidly expanding footprint, Whistle Express brings strong creditworthiness and proven operational expertise to the site.

  • Modern, High-Throughput Car Wash Design | Built with a modern 4,448 SF prototype, the site features an advanced tunnel layout with energy-efficient systems and high-capacity equipment, allowing for rapid service and consistent traffic throughput that supports Whistle Express’ membership-based revenue model.

Listing Contacts

RN
NY 10401294015
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$157,803.00
$13,150.25/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Brian Brockman
License
RB14037939
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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