1502 Martin Luther King Jr Dr - Retail FOR SALE


Monroe, LA 71202
$4,390,000 USD
225-427-9200
1502 Martin Luther King Jr Dr, Monroe, LA for Sale
$4,390,000 USD
Retail - FOR SALE
1/5
null | Request Cap Rate

1502 Martin Luther King Jr Dr
Monroe, LA 71202


OVERVIEW

OWNER/USER OPPORTUNITY: Opportunity to acquire the newly constructed wash with new equipment, growing business and underlying real estate. STRONG EXPOSURE: Located just off of Interstate 20 on a major thoroughfare with traffic counts in excess of 29,000 vehicles per day. NEW CONSTRUCTION: This location opened for business on February 1, 2025. Everything including the equipment, roof and structure, pay stations, etc. is brand new and turnkey. IDEAL LOT SIZE/LAYOUT: The property is positioned on 1.66 acres of land and has an ideal layout which allows for a high-volume site and future growth. LOCATED NEAR STRONG RETAILERS: Notable nearby retailers include Sonic Drive In, Taco Bell, McDonald's, Wendy's, Super 8 by Wyndham, Studio 6, Quality Inn, Comfort Suites and more. LOW COMPETITION: This site has little express wash competition in its direct market allowing for additional upside from new owner. QUALIFIES FOR BONUS DEPRECIATION: Car washes qualify for bonus depreciation which can allow for much higher returns on investments and significant tax savings. *Please consult a CPA for further details.

FOR SALE DETAILS

PRICE

$4,390,000 USD

PRICE/SF

$1,066 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Prime Shine Car Wash | Owner User Investment

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

95864

ASK ABOUT THIS PROPERTY

Will WatsonLee & AssociatesMore Info
225-427-9200

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Will WatsonLee & AssociatesMore Info
225-427-9200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.