1200 S 5th St - Freestanding FOR SALE
Leesville, LA 71446 |
$1,026,667 USD
732-832-5414
1200 S 5th St
Leesville, LA 71446
HIGHLIGHTS
- The tenant recently signed an early extension to the lease, showing their past success & long-term commitment to the location.
- The site ranks in the top 78th percentile in brand ranking for the state of Louisiana, as per AlphaMaps.
- The asset has a lease with approximately ±11.50 years of remaining lease term, scheduled to expire on 12/31/2037
- The lease provides two 5-year renewal options, each featuring 10% rent escalations, supporting future income growth over an extended hold period.
- NN lease structure with the landlord responsible for roof, lot, structure, and 1/2 of HVAC over $500
- The property consists of a ±7,000 SF building situated on a ±0.84 acre parcel with 28 parking spaces
FOR SALE DETAILS
PRICE
$1,026,667 USD
PRICE/SF
$147 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.84 AC
LAND SF
36,590 SF
ZONING
-
APN/PARCEL ID
011-160-4991
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732-832-5414
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732-832-5414
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