3871 Highway 1 - Freestanding FOR SALE


Raceland, LA 70394
$732,600 USD
404-504-7900
3871 Highway 1, Raceland, LA for Sale
$732,600 USD
Freestanding - FOR SALE
1/3
null | 7.65% Cap Rate

3871 Highway 1
Raceland, LA 70394


HIGHLIGHTS

  • ±2% annual rent increases starting in 2027 and continuing throughout the two, 5-year renewal options.
  • Houma-Bayou Cane-Thibodaux, LA MSA
  • 34 miles southwest of New Orleans

OVERVIEW

Situated approximately 34 miles southwest of New Orleans and 58 miles southeast of Baton Rouge, NAPA is located along LA-1 (VPD)—a vital coastal highway in Louisiana, stretching from the Gulf of Mexico to near Alexandria, crucial for transportation and industry. NAPA’s net lease features ±4.1 years of term remaining with ±2% annual rent increases starting in 2027 and continuing throughout the two, 5-year renewal options. NAPA is located directly across LA-1 from New Orleans Style Po Boys, with other businesses including Capital One Bank, Dollar General, Tasty Cream Donuts, Rite Shop, LA 1EZ Stop, Outpatient Medical Services in the immediate vicinity.

FOR SALE DETAILS

PRICE

$732,600 USD

PRICE/SF

$77 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NAPA Auto Parts: Raceland, LA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

-

APN/PARCEL ID

0031067600

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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