2602 Ferrand St - Auto Repair FOR SALE
Monroe, LA 71201 |
$1,000,000 USD
760-642-9942
2602 Ferrand St
Monroe, LA 71201
HIGHLIGHTS
- Recently Exercised Option demonstrates the tenant’s long-term commitment to the location and continued operational success.
- 12.5% Rent Increases provide a built-in hedge against inflation and support strong long-term income growth.
- Absolute Triple-Net (NNN) Lease structure ensures zero landlord responsibilities, providing a truly passive investment.
- Industry-Leading Operator: Team Car Care is the #1 Jiffy Lube franchise in the United States with 400+ locations, providing strong operational backing
- Strategically Located Near the University of Louisiana Monroe, a public university with approximately 9,000 students, driving consistent traffic
- National Brand Recognition: Jiffy Lube, a subsidiary of Shell Oil Company, operates 2,100+ locations across North America
FOR SALE DETAILS
PRICE
$1,000,000 USD
PRICE/SF
$448 USD /SF
CAP RATE
7%
% 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
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.48 AC
LAND SF
20,909 SF
ZONING
-
APN/PARCEL ID
103029,34518
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
760-642-9942
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
760-642-9942
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
