Take 5 Oil Change 9521 Mansfield 1,445 SF Retail Building Shreveport, LA 71118 $1,538,462 ($1,064.68/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback.
- Attractive Rental Increases | 1.50% Annually Starting Year 2.
- Corporate Guarantee from Driven Systems, LLC.
EXECUTIVE SUMMARY
NNN Pro Group is pleased to present the exclusive listing for a Take 5 Oil Change located at 9521 Mansfield Road in Shreveport, Louisiana. The site consists of roughly 1,445 rentable square feet of building space on estimated a 1.186-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 $100,000 and is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,445 SF
Year Built
2023
Price
$1,538,462
Price Per SF
$1,064.68
Cap Rate
6.50%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.18 AC
Parking
6 Spaces (4.15 Spaces per 1,000 SF Leased)
Frontage
165’ on Mansfield
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 161404-033-0002-00 | Improvements Assessment | $9,885 |
| Land Assessment | $11,813 | Total Assessment | $21,698 |
CONTACTS
-
Glen
Kunofsky
-
Edward
Otocka
-
Amelia
Haydock
-
Francis
Purritano
-
Gordon
Pollock
-
Brian
Brockman
