$1,088,505 USD
214-692-2289
12518 Hwy 44
Gonzales, LA 70737
Ascension Parish
HIGHLIGHTS
- Absolute NNN lease with ±7.5 years remaining and zero landlord responsibilities.
- Attractive 7.75% cap rate and $84,359 annual NOI for stable cash flow.
- Corporate guaranteed lease by Advance Stores Company, Inc. (S&P BB).
- ±6,758 SF building on Highway 44 with ±19,000 vehicles per day.
- 5-mile population of ±91,940 and average household income of $118,856.
- Advance Auto Parts is a national brand with over 4,700 locations.
FOR SALE DETAILS
PRICE
$1,088,505 USD
PRICE/SF
$160 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.78 AC
LAND SF
34,024 SF
ZONING
MU
APN/PARCEL ID
03521-240
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214-692-2289
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214-692-2289
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