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Mavis Tires & Brakes 18562 Highland Rd 9,380 SF 100% Leased Retail Building Baton Rouge, LA 70809 $2,218,304 CAD ($236.49 CAD/SF) 7.08% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Baton Rouge Location: Situated on Highland Rd, a high-profile arterial in Baton Rouge, surrounded by national retailers and benefiting from str
- Affluent Trade Area: The surrounding area has an average household income of $139,800 within ±3 miles, well above regional norms and supportive of lon
- Remaining Lease Term: Approximately ±5 years of remaining lease term, with the tenant currently operating in its final option period, providing insula
- Significant Traffic Exposure: Positioned along a well-traveled corridor with approximately ±19,100 vehicles per day, providing strong daily visibility
- Corporate-Backed Lease: Guaranteed by Express Oil LLC, the operating arm of Mavis, offering a strong credit profile and dependable performance from a
- No Future Options: Mavis is currently operating with no remaining tenant extension options, creating a unique value proposition for the next landlord
EXECUTIVE SUMMARY
Donnie Jarreau
License # 995704351-CORP (LA)
Matthews Real Estate Investment Services, Inc
16173 Perkins Road Baton Rouge, LA 70810
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Retailer
- -
- -
- -
Mavis Discount Tire has been saving people money on tires for more than 50 years! While the company was founded as Mavis Tire Supply Corporation in 1972, its roots can be traced back to 1949. It all started with Vic's Cycle Shop, which repaired bicycles sold by its neighbor, a toy shop. In no time at all, the tiny shop developed a great reputation for performing seemingly impossible bicycle repairs. It quickly grew into a better equipped, better capitalized business. Its reputation of Value Oriented Service spread far and wide store building. One day, a customer requested that the bicycle shop repair a flat tire on his car! Using bicycle tire repair tools, Victor was able to repair the tire and, before long, the neighborhood's bicycle wizard found himself in the automobile tire business. In 1965 Victor and his wife, Marion changed the shop's name to 'Vic the Tire King'. With their new name and focus, the owners became pioneers in the vastly expanding automotive era.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00082457 | Improvements Assessment | $52,038 CAD |
| Land Assessment | $24,966 CAD | Total Assessment | $77,003 CAD |
PROPERTY TAXES
Presented by
Mavis Tires & Brakes | 18562 Highland Rd
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