414 Interchange Dr
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414 Interchange Dr
5,000 SF Specialty Building Offered at $990,000 at a 10.36% 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
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $990,000 | Building Class | C |
| Price Per SF | $198 | Lot Size | 0.85 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 10.36% | No. Stories | 1 |
| Sale Conditions | Business Value Included | Year Built | 2001 |
| Property Type | Specialty | Parking Ratio | 1.4/1,000 SF |
| Property Subtype | Car Wash |
| Price | $990,000 |
| Price Per SF | $198 |
| Sale Type | Investment |
| Cap Rate | 10.36% |
| Sale Conditions | 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 | $40,499 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
143-1506-001.06
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$40,499
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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414 Interchange Dr
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