14275 Coursey Blvd - Auto Repair FOR SALE


Baton Rouge, LA 70817- Shenandoah
$2,608,080 USD
510-926-9048
14275 Coursey Blvd, Baton Rouge, LA for Sale
$2,608,080 USD
Auto Repair - FOR SALE
1/7
null | 6.25% Cap Rate

14275 Coursey Blvd
Baton Rouge, LA 70817
Shenandoah


OVERVIEW

Opportunity to acquire a corporate-guaranteed Jiffy Lube located in Baton Rouge, Louisiana. The property, constructed in 2013, is on an absolute net lease with Team Car Care East, LLC (230+ location operator). The current lease term has seven years remaining, with a fixed 10% rent increase in February 2028. The tenant has four 5-year options to renew with 10% increases scheduled at the exercise of each option. The property sits as an outparcel to a Walmart Neighborhood Market-anchored shopping center, with direct frontage and monument signage on Coursey Boulevard.

FOR SALE DETAILS

PRICE

$2,608,080 USD

PRICE/SF

$538 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jiffy Lube

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,806 SF

ZONING

-

APN/PARCEL ID

01928384

ASK ABOUT THIS PROPERTY

Quentin CarusoMarcus & MillichapMore Info
510-926-9048

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Quentin CarusoMarcus & MillichapMore Info
510-926-9048

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.