Description
Lafayette Square Strip Center
This retail center is a prime investment opportunity with a strong cash flow. Located on a prime corner lot with high traffic counts and excellent visibility, the center features a diverse mix of retail and service-based businesses, as well as multiple storefronts and ample parking for both customers and tenants. The center also includes a 5-bay self-serve car wash that was recently rebuilt in 2021 with new LED lighting, compressor, water softener, water heater, and heated bay floors. The existing tenants have a history of stable occupancy and rental income, and the center is conveniently situated across the street from a new apartment project. Do NOT disturb tenants.
A MULTI-TENANT RETAIL CENTER: 5,400 SF
- Below Market Rents,
- E-Commerce Resistant, Service-based Tenants
- HVAC – 5 Rooftop units
- 25 parking spaces
- 85% Occupied with diverse tenant mix
- Base rent annual escalations
- Roof in great condition – 9 years old
STARFISH CAR WASH (5 self-serve bays): 1,993 SF
- Major Capital Improvements 2021/2022
- Heated floor slabs
- LED lighting
- New Compressor
- New water softener,
- 2 New Change machines
- 3 New Vacuums
- New Water Heater
- New Nayax Credit Card System
- Room to add value – add more vac & vending
- Video security system
Features
Floor Plans
