414 Interchange Dr 5,000 SF Specialty Building Offered at $900,000 at a 11.40% Cap Rate in Fulton, MS 38843
INVESTMENT HIGHLIGHTS
- Long successful operating history - 2001!
- Walmart Supercenter Outparcel
EXECUTIVE SUMMARY
TRI Inc is pleased to offer this combo brush spray / in-bay automatic car wash located in the primary retail district of Fulton, Ms. The property, constructed in 2001, includes 1 in-bay, 5 wash bays, and 5 high-powered vacuums. The subject is the only wash of its kind in the market generating $145,000 in gross annual revenue. The expense ratio in 2023 was 29% yielding a net income of $102,604. This wash doesn’t need to be a destination due to its location on the access road into the county’s only Super Walmart and shadow-center including neighbors like CATO, Rent-a-Center, McDonald’s, Wendy’s, a physical therapist, and an urgent care clinic. Modest pricing combined with a superior location powers this investment opportunity!
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $900,000 |
| Price Per SF | $180 |
| Sale Type | Investment |
| Cap Rate | 11.40% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.85 AC |
| Building Size | 5,000 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Parking Ratio | 1.4/1,000 SF |
PROPERTY TAXES
| Parcel Number | 143-1506-001.06 | Total Assessment | $40,457 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
