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Express Oil Change 2613 W Thomas St 4,732 SF Retail Building Hammond, LA 70401 $3,090,368 CAD ($653.08 CAD/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15 Yr. NNN Corp. Lease with Express Oil & Tire Engineers - Part of Mavis Tire
- Express Oil Part of one of the Largest Automotive Service Platforms in U.S. - 1100+ Locations
- Main & Main Retail Trade Area along Hwy 190 - Zero LL Duties - Brand New 2020 Prototype Construction
- High Profile Retail Corridor next to Walmart/Lowe’s - Adjacent to Town & Country Plaza
- Suburban City of New Orleans - Site near Southeastern Louisiana University - over 15K Students
- Subsidiary of Golden Gate Capital w/ $19B+ in Assets - Rare Corp. Guarantee on Lease (Mavis Tire Corp)
EXECUTIVE SUMMARY
We are pleased to offer to qualified investors, an opportunity to acquire a corporate guaranteed absolute NNN single tenant net lease investment, occupied by Express Oil Change (guaranteed by Mavis Tire) on a 15 year base term with 5, 5 year options. The subject property is located on Thomas St. (US Hwy 190) in Hammond, LA next to major retailers such as Walmart Supercenter, Hobby Lobby, Winn-Dixie, Ross Dress for Less, Lowe’s, Albertson’s
and more. Additionally, the subject property sees over 23,500 VPD and is well positioned to benefit easy access from both right and left turns into the property. This is an excellent opportunity to own a brand new construction, passive income generating investment on a long term 15-year lease that is corporate guaranteed with zero landlord responsibilities.
and more. Additionally, the subject property sees over 23,500 VPD and is well positioned to benefit easy access from both right and left turns into the property. This is an excellent opportunity to own a brand new construction, passive income generating investment on a long term 15-year lease that is corporate guaranteed with zero landlord responsibilities.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
4,732 SF
Building Class
B
Year Built
2021
Price
$3,090,368 CAD
Price Per SF
$653.08 CAD
Cap Rate
6.15%
NOI
$190,203 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.83 AC
Parking
13 Spaces (2.75 Spaces per 1,000 SF Leased)
Frontage
193’ on West Thomas Street
AMENITIES
- Freeway Visibility
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06549740 | Improvements Assessment | $212,552 CAD |
| Land Assessment | $0 CAD | Total Assessment | $212,552 CAD |
PROPERTY TAXES
Parcel Number
06549740
Land Assessment
$0 CAD
Improvements Assessment
$212,552 CAD
Total Assessment
$212,552 CAD
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Express Oil Change | 2613 W Thomas St
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