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Race Trac | Abs NNN Ground Lease 27877 Juban Rd 5,411 SF Retail Building Denham Springs, LA 70726 $3,447,350 CAD ($637.10 CAD/SF) 6% Cap Rate
Investment Highlights
- Over 8 Years Remaining | Corporate Signature | Options To Extend | Scheduled Rental Increases
- Premier Location Within Juban Crossing | $350M Mixed-Use Development
- Absolute NNN Lease | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN-leased, RaceTrac investment property located in Denham Springs, Louisiana. The tenant, RaceTrac, has over 8 years of initial term remaining with 7 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 7.5% rental increase at the beginning of the first option, an 8.5% rental increase at the beginning of the second option, and 10% rental increases at the beginning of the remaining option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with no landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,411 SF
Building Class
B
Year Built
2019
Price
$3,447,350 CAD
Price Per SF
$637.10 CAD
Cap Rate
6%
NOI
$206,841 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.74 AC
Zoning
PUD
Parking
38 Spaces (7.02 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
1 of 11
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Race Trac | Abs NNN Ground Lease | 27877 Juban Rd
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