3839 Alexandria Mall Dr - Auto Repair FOR SALE


Alexandria, LA 71301
$1,399,000 USD
972-755-5205
3839 Alexandria Mall Dr, Alexandria, LA for Sale
$1,399,000 USD
Auto Repair - FOR SALE
1/5
null | 7% Cap Rate

3839 Alexandria Mall Dr
Alexandria, LA 71301


HIGHLIGHTS

  • Decades of Tenant Stability in Prime Retail Corridor | Must Be Purchased Together
  • Corporate Store – Absolute Net Lease With 1.3 Years Remaining (Jiffy Lube)
  • 28-Year Operating History With One, Five-Year Option (Jiffy Lube)
  • Absolute Net Lease With 2.1 Years Remaining (Precision Tune)
  • 26-Year Operating History With One, Five-Year Option (Precision Tune)
  • Top Performing Location in Louisiana by Annual Visits (Precision Tune)

OVERVIEW

Offered for sale is a two-property Auto Service Portfolio, featuring Jiffy Lube and Precision Tune Auto Care, which must be purchased together. These assets, located adjacent to one another, are offered as a portfolio only and provide investors with immediate scale in a proven retail corridor in Alexandria, Louisiana. The properties benefit from excellent visibility along Jefferson Highway (27,965 VPD) with convenient access to the feeder road. The site sits directly across from Alexandria Mall (825,000 SF of retail), positioning the portfolio in the city’s dominant retail hub. The area is anchored by high-traffic national retailers including Albertsons, Target, Lowe’s, Walmart Supercenter, Sam’s Club, and Planet Fitness. Hospitality demand is supported by numerous nearby hotels, including a new Hampton by Hilton currently under construction. Together, the assets comprise 0.68 acres, with both leases currently below market rental rates. Additionally, both tenants have only one renewal option remaining, creating near-term upside potential for investors.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$466 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jiffy Lube & Precision Tune Portfolio

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

GC

APN/PARCEL ID

24-052-00205-0007

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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