3120 Ambassador Caffery Pky - Auto Repair FOR SALE


Lafayette, LA 70506- Central Lafayette Parish
$1,482,000 USD
480-221-4221
3120 Ambassador Caffery Pky, Lafayette, LA for Sale
$1,482,000 USD
Auto Repair - FOR SALE
1/9
null | 5.75% Cap Rate

3120 Ambassador Caffery Pky
Lafayette, LA 70506
Central Lafayette Parish


HIGHLIGHTS

  • 5+ Years Remaining | Options To Extend | Scheduled Rental Increase | Strong-Performing Location
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Across From Walmart Supercenter Anchored Center | Lafayette Village | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 Oil Change investment property located in Lafayette, Louisiana. The tenant, Take 5 Oil Change has over 5 years of initial term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 14% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The Take 5 is a strong-performing location and is ranked in the 83rd percentile nationwide for annual visits per Placer.ai.

FOR SALE DETAILS

PRICE

$1,482,000 USD

PRICE/SF

$943 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change | 14% Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CH

APN/PARCEL ID

6128019

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.