CAP Rate: 7.00%
Net Operating Income: $309,068
Lot Size: 0.71 AC
The Kase Group is pleased to present Zips Car Wash located in Shreveport, Louisiana. The property consists of 4,914 square feet of building space situated on 0.71 acres of land. Zips Car Wash is the 2nd largest tunnel car wash company in the country. The tenant is subject to a 20-year absolute net lease with annual increases of 1.5% during the base term and during the six, five year options. The property is strategically located in a major retail trade area nearby Walmart Supercenter, Cinemark, Popeyes, Wendy’s and many others. The property is less than a mile away from Louisiana State University Shreveport and there are many apartment complexes around the site.
Shreveport is the third-largest city in the state of Louisiana and the 113th-largest city in the United States. This location boasts a 5 mile radius population of 34,008. Shreveport is the commercial and cultural center of the Ark-La-Tex region, where Arkansas, Louisiana, and Texas meet.