Express Oil Change 2265 Oneal Ln 5,157 SF Retail Building Baton Rouge, LA 70816 $2,580,233 ($500.34/SF) 6% Cap Rate
EXECUTIVE SUMMARY
15 Year Absolute NNN Corporate Lease with Express Oil & Tire Engineers - Part of Mavis Tire
7.5% Rental Increases Every 5 Years and in Option Periods
Brand New High Profile Retail Corridor –Walmart, Starbucks, McDonalds, Taco Bell, AutoZone, Popeyes, Walgreens and many more..
Express Oil Part of one of the Largest Automotive Service Platforms in U.S. 1100+ Locations
Suburban Growth of Baton Rouge, LA - Site near LSU University Over 37K Students and Stone Throw away from Ochsner Medical Center – One of the Largest Medical Hospitals in the Region
Main Retail Trade Area along O’Neal Lane – Over 25,000 VPD
Brand New 2021 Prototype Construction
Subsidiary of Golden Gate Capital w/ $19B+ in Assets - Rare Corp. Guarantee on Lease (Mavis Tire Corp)
7.5% Rental Increases Every 5 Years and in Option Periods
Brand New High Profile Retail Corridor –Walmart, Starbucks, McDonalds, Taco Bell, AutoZone, Popeyes, Walgreens and many more..
Express Oil Part of one of the Largest Automotive Service Platforms in U.S. 1100+ Locations
Suburban Growth of Baton Rouge, LA - Site near LSU University Over 37K Students and Stone Throw away from Ochsner Medical Center – One of the Largest Medical Hospitals in the Region
Main Retail Trade Area along O’Neal Lane – Over 25,000 VPD
Brand New 2021 Prototype Construction
Subsidiary of Golden Gate Capital w/ $19B+ in Assets - Rare Corp. Guarantee on Lease (Mavis Tire Corp)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,157 SF
Building Class
C
Year Built
2021
Price
$2,580,233
Price Per SF
$500.34
Cap Rate
6%
NOI
$154,814
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.79 AC
Zoning
C-1 - Commercial Use
Parking
33 Spaces (6.4 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00795097 | Improvements Assessment | $57,750 |
| Land Assessment | $38,500 | Total Assessment | $96,250 |
