3115 W Pinhook Rd - Flex FOR SALE


Lafayette, LA 70508- Central Lafayette Parish
$1,904,000 USD
916-995-3298
3115 W Pinhook Rd, Lafayette, LA for Sale
$1,904,000 USD
Flex - FOR SALE
1/6
null | 6.25% Cap Rate

3115 W Pinhook Rd
Lafayette, LA 70508
Central Lafayette Parish


HIGHLIGHTS

  • Brand-new 20-year absolute NNN lease, renovated Midas building, 25,000+ VPD frontage, long-term occupancy, and strong historical operating performance
  • Prime Pinhook Road retail corridor location near Walmart and UL Lafayette, with affluent demographics, 130K residents, and rapid population growth.
  • Experienced 13-unit operator, strong corporate and personal guaranty, backed by Midas, a global auto care brand with 2,000+ locations.

OVERVIEW

20-Year Absolute NNN Lease 25,000 VPD+ Frontage on W Pinhook Road Rapidly Growing Market - 2.5% annual growth in 1 Mile Radius Newly Renovated 6-Bay Midas Building Investment Highlights •Brand New 20 Year Absolute NNN lease •Direct frontage and visibility to 25,000+ vehicles daily •Newly Renovated Midas Building positioned for long term occupancy •Strong historical operating performance (call broker for details) Location Highlights •Centrally located within the rapidly growing Pinhook Road retail corridor •Affluent, densely populated trade area: $105K average household income within 3 miles and 130K residents within 5 miles •Rapidly growing population within a 1 mile radius: 2.5% annually •Close proximity to the Walmart Supercenter-anchored retail node •Proximate the University of Louisiana at Lafayette (~20,000 students) Tenant Highlights •Experienced Operator: Red Eagle LLC operates 13 Midas auto service centers across Mississippi and Tennessee •Strong corporate and personal guaranty backing the lease •Midas: Established international auto care brand with 2,000+ locations worldwide

FOR SALE DETAILS

PRICE

$1,904,000 USD

PRICE/SF

$421 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midas - 20 Year Absolute NNN

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

6

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.73

LAND SF

31,799

ZONING

I-1

APN/PARCEL ID

6042932

ASK ABOUT THIS PROPERTY

Marc MerchantCentury Partners Real Estate Inc.More Info
916-995-3298

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Marc MerchantCentury Partners Real Estate Inc.More Info
916-995-3298

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