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Advance Auto Parts 12518 Hwy 44 6,758 SF Retail Building Gonzales, LA 70737 $1,517,920 CAD ($224.61 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Absolute NNN lease with ±7.5 years remaining and zero landlord responsibilities.
- Corporate guaranteed lease by Advance Stores Company, Inc. (S&P BB).
- 5-mile population of ±91,940 and average household income of $118,856.
- Attractive 7.75% cap rate and $84,359 annual NOI for stable cash flow.
- ±6,758 SF building on Highway 44 with ±19,000 vehicles per day.
- Advance Auto Parts is a national brand with over 4,700 locations.
Executive Summary
Donnie Jarreau
Jarreau Real Estate
License # - BROK.995704351-CORP, BROK.32688-ACT (LA)
16161 Perkins Road, Baton Rouge, LA 70810
(866) 889-0550
Jarreau Real Estate
License # - BROK.995704351-CORP, BROK.32688-ACT (LA)
16161 Perkins Road, Baton Rouge, LA 70810
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,758 SF
Building Class
B
Year Built
1998
Price
$1,517,920 CAD
Price Per SF
$224.61 CAD
Cap Rate
7.75%
NOI
$117,639 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.78 AC
Zoning
MU
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Advance Auto Parts, Inc. est l'un des principaux fournisseurs de pièces de rechange automobiles qui sert à la fois les installateurs professionnels et les clients de bricoleurs. Au 5 octobre 2024, Advance exploitait 4 781 magasins principalement aux États-Unis, et d'autres au Canada, à Porto Rico et aux îles Vierges américaines. L'entreprise a également desservi 1 125 magasins indépendants de marque Carquest dans ces endroits, en plus du Mexique et de diverses îles des Caraïbes.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03521-240 | Improvements Assessment | $79,538 CAD |
| Land Assessment | $32,777 CAD | Total Assessment | $112,315 CAD |
Property Taxes
Parcel Number
03521-240
Land Assessment
$32,777 CAD
Improvements Assessment
$79,538 CAD
Total Assessment
$112,315 CAD
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Advance Auto Parts | 12518 Hwy 44
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