27877 Juban Rd - Convenience Store FOR SALE


Denham Springs, LA 70726- Livingston Parish
$2,500,000 USD
480-221-4221
27877 Juban Rd, Denham Springs, LA for Sale
$2,500,000 USD
Convenience Store - FOR SALE
1/10
null | 6% Cap Rate

27877 Juban Rd
Denham Springs, LA 70726
Livingston Parish


HIGHLIGHTS

  • Over 8 Years Remaining | Corporate Signature | Options To Extend | Scheduled Rental Increases
  • Absolute NNN Lease | Leased Fee Ownership | Zero Landlord Responsibilities
  • Premier Location Within Juban Crossing | $350M Mixed-Use Development
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN-leased, RaceTrac investment property located in Denham Springs, Louisiana. The tenant, RaceTrac, has over 8 years of initial term remaining with 7 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 7.5% rental increase at the beginning of the first option, an 8.5% rental increase at the beginning of the second option, and 10% rental increases at the beginning of the remaining option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with no landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,250 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Race Trac | Abs NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

PUD

APN/PARCEL ID

77073

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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