Express Oil Change | 2613 W Thomas St
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Express Oil Change 2613 W Thomas St
4,732 SF Retail Building Hammond, LA 70401 $2,215,000 ($468/SF) 6.15% Cap Rate
Investment Highlights
- Brand New 15 Yr. NNN Corp. Lease with Express Oil & Tire Engineers - Part of Mavis Tire
- Express Oil Part of one of the Largest Automotive Service Platforms in U.S. - 1100+ Locations
- Main & Main Retail Trade Area along Hwy 190 - Zero LL Duties - Brand New 2020 Prototype Construction
- High Profile Retail Corridor next to Walmart/Lowe’s - Adjacent to Town & Country Plaza
- Suburban City of New Orleans - Site near Southeastern Louisiana University - over 15K Students
- Subsidiary of Golden Gate Capital w/ $19B+ in Assets - Rare Corp. Guarantee on Lease (Mavis Tire Corp)
Executive Summary
We are pleased to offer to qualified investors, an opportunity to acquire a corporate guaranteed absolute NNN single tenant net lease investment, occupied by Express Oil Change (guaranteed by Mavis Tire) on a 15 year base term with 5, 5 year options. The subject property is located on Thomas St. (US Hwy 190) in Hammond, LA next to major retailers such as Walmart Supercenter, Hobby Lobby, Winn-Dixie, Ross Dress for Less, Lowe’s, Albertson’s
and more. Additionally, the subject property sees over 23,500 VPD and is well positioned to benefit easy access from both right and left turns into the property. This is an excellent opportunity to own a brand new construction, passive income generating investment on a long term 15-year lease that is corporate guaranteed with zero landlord responsibilities.
and more. Additionally, the subject property sees over 23,500 VPD and is well positioned to benefit easy access from both right and left turns into the property. This is an excellent opportunity to own a brand new construction, passive income generating investment on a long term 15-year lease that is corporate guaranteed with zero landlord responsibilities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
4,732 SF
Building Class
B
Year Built
2021
Price
$2,215,000
Price Per SF
$468
Cap Rate
6.15%
NOI
$136,327
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.83 AC
Parking
13 Spaces (2.75 Spaces per 1,000 SF Leased)
Frontage
193 FT on West Thomas Street
Amenities
- Freeway Visibility
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $84,041 | |
| Land Assessment | $285 | Total Assessment | $84,326 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$285
Improvements Assessment
$84,041
Total Assessment
$84,326
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Express Oil Change | 2613 W Thomas St
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