893 US-90 Hwy - Retail FOR SALE


Morgan City, LA 70380
$1,800,000 USD
332-345-4222
893 US-90 Hwy, Morgan City, LA for Sale
$1,800,000 USD
Retail - FOR SALE
1/2
null | 6.25% Cap Rate

893 US-90 Hwy
Morgan City, LA 70380


HIGHLIGHTS

  • Strong Corporate Guarantee
  • New Construction
  • Long-Term 20-Year NNN Sale-Leaseback
  • Attractive Annual Rental Increases

OVERVIEW

Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 893 US 90, Morgan City, LA 70380. The site consists of roughly 1,496 rentable square feet of building space on an estimated 0.24-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $112,500 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$1,203 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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