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Jiffy Lube 14275 Coursey Blvd 4,845 SF Retail Building Baton Rouge, LA 70817 $3,615,947 CAD ($746.33 CAD/SF) 6.25% Cap Rate
EXECUTIVE SUMMARY
Opportunity to acquire a corporate-guaranteed Jiffy Lube located in Baton Rouge, Louisiana. The property, constructed in 2013, is on an absolute net lease with Team Car Care East, LLC (230+ location operator). The current lease term has seven years remaining, with a fixed 10% rent increase in February 2028. The tenant has four 5-year options to renew with 10% increases scheduled at the exercise of each option.
The property sits as an outparcel to a Walmart Neighborhood Market-anchored shopping center, with direct frontage and monument signage on Coursey Boulevard.
The property sits as an outparcel to a Walmart Neighborhood Market-anchored shopping center, with direct frontage and monument signage on Coursey Boulevard.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,845 SF
Building Class
B
Year Built
2013
Price
$3,615,947 CAD
Price Per SF
$746.33 CAD
Cap Rate
6.25%
NOI
$225,997 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.82 AC
Parking
10 Spaces (2.06 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01928384 | Improvements Assessment | $74,192 CAD |
| Land Assessment | $78,506 CAD | Total Assessment | $152,697 CAD |
PROPERTY TAXES
Parcel Number
01928384
Land Assessment
$78,506 CAD
Improvements Assessment
$74,192 CAD
Total Assessment
$152,697 CAD
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Jiffy Lube | 14275 Coursey Blvd
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