LANDLORDS LOVE TO HAVE LAUNDROMATS IN THEIR CENTERS
Laundromats also serve as excellent draws for your centers with many other busi-
These neighbors who benefit are often willing to pay additional amounts for their placement nearby a Laundromat. With cost of construction of a new Laundromat approaching $300.00 per square foot, the quality of the tenant ishigher-end. Gone are the days when the neighborhood "handyman" could afford to build, own and operate a facility. As an investment, the tax benefits of ownership (ADA tax credits and five year depreciation) have moved the ownership to a higher-income individual.
With the elevated cost comes another benefit for a landlord: tenants take good care of their investment. Cleanliness and regular attending by owners and staff are the norm. Review the items below to see if your center or building meets the requirements of a successful Laundromat location. At the bottom of the page are examples of two addendums that are included in most Laundromat lease agreements. You can review them to see if you want a Laundromat in your building. These are the things needed by most Laundromats in order to be successful:
COMMON LANDLORD QUESTIONS
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