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Published on: Thursday, October 17, 2024

Updated on: Thursday, October 17, 2024

About the Lister

Name: Tim Westfall

Company: Echo West Capital Advisors

Office Phone: 602.628.6298

Cell Phone: 602.628.6298

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Financing Business Material

Tire Choice - Autoshop

4200 Williams Blvd Kenner Louisiana , 70065

Echo West Capital Advisors
Listing ID: CL-Louisiana-12467 Automotive /Retail

Purchase Option

Asking Price: $1,700,000.00

Acquisition Option: Traditional Purchase

Cap Rate (%): 7.06

Net Operating Income: $340,000.00

Quick Glance

Listing ID: CL-Kentucky-12574

Status: Accepting Offers

Financing: Third Party Financing

Occupancy: N/A

Year Build: 2002

Building Size: 2,881.00 SqFt

Lot Size: 2,881.00 SqFt.

No of Stories: 1

No of Parking: N/A

Offer to Millionaire Club: No

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

Attached Documents

Download | Zips Car Wash Final OM.pdf ( 7,917.26KB)

Listing Summary

Complete Details

Year Build: 2002

Building Size: 2,881 SqFt.

No of Stories: 1

Total Lot Area: 2881 SqFt.

No of Parking: N/A

No of Total Units: 1

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: A

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description

This property offers an outstanding investment opportunity backed by a corporate guarantee from Monro Inc. (NASDAQ: MNRO), one of the largest tire and auto service chains in the U.S., providing strong financial security. Located just 0.6 miles from the new $100 million Treasure Chest Casino Development and less than 4 miles from New Orleans International Airport, it boasts a prime position in a rapidly growing area. With over 25 years of operation in the community, this recession-resistant tenant ensures consistent demand for automotive services. The surrounding region, including Kenner’s Laketown, is poised for further development, supported by strong demographics in the New Orleans MSA.

Additional Properties

Property Tenants

Absolute NNN Tenant. Lease Term 20 years. Remaining Term 13.8 years

Property Highlights

Zips Car Wash is the third largest car wash operator in the country with over 280 locations across 25 states under three brands: ZIPS Car Wash, Rocket Express Car Wash, and Jet Brite Car Wash. Regionally, this is their backyard with most of their existing
Offering features an absolute NNN lease structure with zero landlord responsibilities making this an ideal, hands-off investment for any prospective buyer.
The subject property comes with a REIT-level negotiated lease with the most landlord favorable terms that is currently on the market. ZIPS has been operating at this location since 2018 giving any prospective investor confidence.
he subject property is the sole express car wash option within a 15-mile radius, which makes this wash an easy choice for the residents living in and surrounding Lexington & Georgetown. This region of Kentucky is a ZIPS dominated market with nine location
Renovate in 2018

Additional Links

Social: https://www.linkedin.com/in/tim-westfall-4ba77315/
Other: https://www.echowest.com/about

Contacts

No Additional Contacts.

Listing Location

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