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TAKE 5 OIL CHANGE 2112 Oneal Ln

1,462 SF Retail Building Baton Rouge, LA 70816 $954,000 ($653/SF) 6.80% Cap Rate

Investment Highlights

  • Absolute NNN Ground Lease – Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot.
  • Across from Ochsner Medical Center – Large medical facility with 150 hospital beds and over 200 medical workers.
  • Main Retail Corridor – Great visibility with easy access to the I-12 across from a Walmart Supercenter and surrounded by many national tenants
  • Corporate Guarantee from Driven Systems, LLC – Take 5 is a subsidiary of Driven Brands, Inc., with 4,700 units and over $5.3B in system-wide sales.
  • Near Louisiana State University with 37,300+ students and 6,500+ staff.
  • Affluent Region – The average household income within a 3-mile radius is $102,015.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,462 SF
Building Class
C
Year Built
2020
Price
$954,000
Price Per SF
$653
Cap Rate
6.80%
NOI
$64,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
0.48 AC
Zoning
C2

Amenities

  • Drive Thru
  • Wheelchair Accessible

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03255085
Land Assessment
$20,600
Improvements Assessment
$105,760
Total Assessment
$126,360
  • Listing ID: 32248232

  • Date on Market: 6/25/2024

  • Last Updated:

  • Address: 2112 Oneal Ln, Baton Rouge, LA 70816

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