1333 E Main St - Service Station FOR SALE
Ville Platte, LA 70586 |
$786,000 USD
760-642-9942
1333 E Main St
Ville Platte, LA 70586
HIGHLIGHTS
- Absolute NNN lease with ±9.6 years remaining and rare 12.5% rent increases every 5 years.
- Team Car Care is the largest Jiffy Lube franchisee with 400+ locations nationwide.
- Jiffy Lube is a national leader in quick-lube services and a subsidiary of Shell Oil Company.
- Recent capital improvements and lease extension show tenant's strong commitment.
- Auto service sector is e-commerce and recession resistant, providing stable income.
- Located on Main St. with ±16,000 vehicles per day and strong local population growth.
FOR SALE DETAILS
PRICE
$786,000 USD
PRICE/SF
$255 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.47 AC
LAND SF
20,473 SF
ZONING
-
APN/PARCEL ID
011-0040500
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760-642-9942
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760-642-9942
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