19151 Florida Blvd - Freestanding FOR SALE


Albany, LA 70711
$795,000 USD
504-581-5005
19151 Florida Blvd, Albany, LA for Sale
$795,000 USD
Freestanding - FOR SALE
1/3
null | 6.58% Cap Rate

19151 Florida Blvd
Albany, LA 70711


HIGHLIGHTS

  • Popular national tenant
  • JJB Brands is successful franchisee

OVERVIEW

This income-producing investment property features a 12-year primary term lease with a nationally recognized tenant. The 2,008-sf modern building was built in 2020 and features a drive thru as well as ample parking on the 0.883-acre parcel. It is located at 19151 Florida Blvd, a high traffic corridor with excellent visibility. The building features a drive thru window, which is a relatively new concept for Pizza Hut. The drive thru is meant to be more efficient and convenient for customers in the area. The tenant is JJB Pizza, LLC, a franchisee of Pizza Hut, an established brand with a long history of success. The long-term NNN lease commenced in November 2020 with an attractive rent schedule. A NNN structure results in minimal landlord responsibilities. This property qualifies for a 1031 Exchange.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

6.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

-

APN/PARCEL ID

0292771

ASK ABOUT THIS PROPERTY

Mitchell HalpernCorporate RealtyMore Info
504-581-5005

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Mitchell HalpernCorporate RealtyMore Info
504-581-5005

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