19511 Plank Rd - Auto Repair FOR SALE


Zachary, LA 70791
$1,897,000 USD
858-603-8436
19511 Plank Rd, Zachary, LA for Sale
$1,897,000 USD
Auto Repair - FOR SALE
1/11
null | 8.5% Cap Rate

19511 Plank Rd
Zachary, LA 70791


HIGHLIGHTS

  • Approximately 9 Years Remaining | Annual Increases | Recent Roof Replacement
  • Signalized, Hard-Corner Intersection (32,900 VPD) | Dense Retail Corridor | Baton Rouge MSA | Excellent Visibility
  • Strong tenant synergy increases draw to the immediate trade area and promotes crossover store exposure to the site

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Joe Hudson’s Collision Center investment property located in Zachary, Louisiana. The tenant, JHCC Holdings LLC has approximately 9 years remaining on a 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Joe Hudson’s Collision Center operates over 200 locations across 16 states.

FOR SALE DETAILS

PRICE

$1,897,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Joe Hudson's Collision Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

I

APN/PARCEL ID

03037037

ASK ABOUT THIS PROPERTY

Ryan TomkinsSRS Real Estate PartnersMore Info
858-603-8436

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Ryan TomkinsSRS Real Estate PartnersMore Info
858-603-8436

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