103 US-90 - Service Station FOR SALE
Iowa, LA 70647 |
$2,177,047 USD
888-993-5344
103 US-90
Iowa, LA 70647
HIGHLIGHTS
- New 20 Year Absolute NNN Lease; 2% Annual Rent Increases in Primary Term; Strong Lease Guaranty; Contact broker for details
- Fee Simple; Land and Building Ownership; Qualifies for Bonus Depreciation (Consult with Your Tax professional)
- 2,850 Square-Foot Convenience Store 8 Fueling Lanes; Excellent Visibility on Signalized Hard Corner
- Signalized Hard Corner with 10,000 Cars per Day at Intersection; Average Household Income Exceeds $86,000 Within 5 Miles
- Direct Frontage to US-90; Primary Arterial Corridor Connecting Southwest Louisiana to Greater Houston Metro
- Over $55 Billion in Industrial Projects Planned in the Lake Charles Region; Including LNG, Methanol, and Petrochemical Facilities
FOR SALE DETAILS
PRICE
$2,177,047 USD
PRICE/SF
$764 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Abs. NNN Citgo Gas Station | Lake Charles MSA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store, Storefront, undefined
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.52 AC
LAND SF
22,651 SF
ZONING
-
APN/PARCEL ID
00725056
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888-993-5344
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888-993-5344
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