2602 Ferrand St - Auto Repair FOR SALE
Monroe, LA 71201 |
$934,000 USD
760-642-9942
2602 Ferrand St
Monroe, LA 71201
HIGHLIGHTS
- Listed for $934,000 yielding a 7.50% cap rate.
- Recently exercised option demonstrates commitment to the location.
- Rare 12.5% Rent Increases provide an effective hedge against inflation.
- Absolute Triple-Net Lease (NNN) – Zero Landlord Responsibilities.
- Team Car Care – Full-term guaranty from the largest franchisee in the Jiffy Lube system | ±500 locations nationally.
- Adjacent to University of Louisiana Monroe – Public university with ±9,000 students creates strong and sustainable demand for affordable auto service.
FOR SALE DETAILS
PRICE
$934,000 USD
PRICE/SF
$419 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Jiffy Lube
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.48 AC
LAND SF
20,909 SF
ZONING
-
APN/PARCEL ID
34518
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760-642-9942
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760-642-9942
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