Joe Hudson's Collision Center | 19511 Plank Rd
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Joe Hudson's Collision Center 19511 Plank Rd
21,000 SF Retail Building Zachary, LA 70791 $1,897,000 ($90/SF) 8.50% Cap Rate
Investment Highlights
- Approximately 9 Years Remaining | Annual Increases | Recent Roof Replacement
- Strong tenant synergy increases draw to the immediate trade area and promotes crossover store exposure to the site
- Signalized, Hard-Corner Intersection (32,900 VPD) | Dense Retail Corridor | Baton Rouge MSA | Excellent Visibility
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
21,000 SF
Year Built
1987
Price
$1,897,000
Price Per SF
$90
Cap Rate
8.50%
NOI
$161,262
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
2.25 AC
Zoning
I - Industrial
Parking
46 Spaces (2.19 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 03037037 | Improvements Assessment | $23,180 |
| Land Assessment | $10,300 | Total Assessment | $33,480 |
PROPERTY TAXES
Parcel Number
03037037
Land Assessment
$10,300
Improvements Assessment
$23,180
Total Assessment
$33,480
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Joe Hudson's Collision Center | 19511 Plank Rd
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