Spring Lake Retail Pop-Up / Hand Carwash

Retail-Commercial for Sale
Catylist Listing ID: 30660650
Property Subtypes: Car Wash, Free-Standing Building, Restaurant, Retail-Pad, Street Retail, Vehicle Related, Other
Building Size (RSF): 1,875 SF
Gross Building Area: See Agent
Gross Land Area: 0.46 Acres
Sale Price: $65,000
Unit Price: $34.67 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Usable Size (USF): 775 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 18.45%
Average Occupancy Rate: 100
Last Updated: 6/23/2022

Overview / Comments

KW Commercial is pleased to offer for sale a potential Retail Pop-Up opportunity, located along the busy E. 70th corridor in Spring Lake. Currently leased to a hand carwash operator, a new owner could maintain the lease, or repurpose the property to a different use.

Comprised of a 775 SF storefront/office and a 1,100 SF covered awning, a new owner could enclose the covered awning to create a limited dining area for a pop-up restaurant or food truck. However, the hand carwash has performed well at the location, which a new owner might have interest in operating as an owner/user, instead of leasing the location.

Note: Please do not disturbed the current tenant. Also, the property is being sold as-is.

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Caddo
Tax ID/APN: 171330033007500
Retail Clientele: General, Business, Traveler, Other
Property Located Between: Line Avenue & Fern Avenue
Property Visibility: Excellent
Highway Access: Direct via E. 70th
Airports: SHV
Tenancy: Single Tenant

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,474 87,077 170,810
Median Age: 42.53 35.57 35.73
Households: 3,744 36,424 69,907


Photograph of Listing Agent

Trenton Siskron

KW Commercial NWLA Shreveport, LA 71105
LACDB Member
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