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Abs. NNN Citgo Gas Station | Lake Charles MSA 103 US-90 2,850 SF Retail Building Iowa, LA 70647 $3,024,354 CAD ($1,061.18 CAD/SF) 7.50% Cap Rate
Investment Highlights
- New 20 Year Absolute NNN Lease; 2% Annual Rent Increases in Primary Term; Strong Lease Guaranty; Contact broker for details
- 2,850 Square-Foot Convenience Store 8 Fueling Lanes; Excellent Visibility on Signalized Hard Corner
- Direct Frontage to US-90; Primary Arterial Corridor Connecting Southwest Louisiana to Greater Houston Metro
- Fee Simple; Land and Building Ownership; Qualifies for Bonus Depreciation (Consult with Your Tax professional)
- Signalized Hard Corner with 10,000 Cars per Day at Intersection; Average Household Income Exceeds $86,000 Within 5 Miles
- Over $55 Billion in Industrial Projects Planned in the Lake Charles Region; Including LNG, Methanol, and Petrochemical Facilities
Executive Summary
Qualifies for Bonus Depreciation (Consult with Your Tax professional)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,850 SF
Building Class
C
Year Built
1980
Price
$3,024,354 CAD
Price Per SF
$1,061.18 CAD
Cap Rate
7.50%
NOI
$226,827 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.52 AC
Amenities
- Corner Lot
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00725056 | Improvements Assessment | $13,781 CAD |
| Land Assessment | $5,513 CAD | Total Assessment | $19,294 CAD |
Property Taxes
Parcel Number
00725056
Land Assessment
$5,513 CAD
Improvements Assessment
$13,781 CAD
Total Assessment
$19,294 CAD
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Abs. NNN Citgo Gas Station | Lake Charles MSA | 103 US-90
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