509 Hospital - Auto Repair FOR SALE


New Roads, LA 70760
$1,384,615 USD
332-345-4222
509 Hospital, New Roads, LA for Sale
$1,384,615 USD
Auto Repair - FOR SALE
1/2
null | 6.5% Cap Rate

509 Hospital
New Roads, LA 70760


HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Corporate Guarantee from Driven Brands Funding, LLC
  • Attractive Rental Increases | 1.50% Annually Starting Year 2

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 509 Hospital Road in New Roads, LA. The site consists of roughly 1,421 rentable square feet of building space on estimated 0.70-acre parcel of land. This Take 5 Oil Change is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The current annual rent is $90,000 and is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,384,615 USD

PRICE/SF

$974 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

-

APN/PARCEL ID

00794910

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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