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Midas - 20 Year Absolute NNN 3115 W Pinhook Rd 4,525 SF Flex Building Lafayette, LA 70508 $2,459,508 CAD ($543.54 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Brand-new 20-year absolute NNN lease, renovated Midas building, 25,000+ VPD frontage, long-term occupancy, and strong historical operating performance
- Experienced 13-unit operator, strong corporate and personal guaranty, backed by Midas, a global auto care brand with 2,000+ locations.
- Prime Pinhook Road retail corridor location near Walmart and UL Lafayette, with affluent demographics, 130K residents, and rapid population growth.
Executive Summary
20-Year Absolute NNN Lease
25,000 VPD+ Frontage on W Pinhook Road
Rapidly Growing Market - 2.5% annual growth in 1 Mile Radius
Newly Renovated 6-Bay Midas Building
Investment Highlights
•Brand New 20 Year Absolute NNN lease
•Direct frontage and visibility to 25,000+ vehicles daily
•Newly Renovated Midas Building positioned for long term occupancy
•Strong historical operating performance (call broker for details)
Location Highlights
•Centrally located within the rapidly growing Pinhook Road retail corridor
•Affluent, densely populated trade area: $105K average household income within 3 miles and 130K residents within 5 miles
•Rapidly growing population within a 1 mile radius: 2.5% annually
•Close proximity to the Walmart Supercenter-anchored retail node
•Proximate the University of Louisiana at Lafayette (~20,000 students)
Tenant Highlights
•Experienced Operator: Red Eagle LLC operates 13 Midas auto service centers across Mississippi and Tennessee
•Strong franchisee and personal guaranty backing the lease
•Midas: Established international auto care brand with 2,000+ locations worldwide
25,000 VPD+ Frontage on W Pinhook Road
Rapidly Growing Market - 2.5% annual growth in 1 Mile Radius
Newly Renovated 6-Bay Midas Building
Investment Highlights
•Brand New 20 Year Absolute NNN lease
•Direct frontage and visibility to 25,000+ vehicles daily
•Newly Renovated Midas Building positioned for long term occupancy
•Strong historical operating performance (call broker for details)
Location Highlights
•Centrally located within the rapidly growing Pinhook Road retail corridor
•Affluent, densely populated trade area: $105K average household income within 3 miles and 130K residents within 5 miles
•Rapidly growing population within a 1 mile radius: 2.5% annually
•Close proximity to the Walmart Supercenter-anchored retail node
•Proximate the University of Louisiana at Lafayette (~20,000 students)
Tenant Highlights
•Experienced Operator: Red Eagle LLC operates 13 Midas auto service centers across Mississippi and Tennessee
•Strong franchisee and personal guaranty backing the lease
•Midas: Established international auto care brand with 2,000+ locations worldwide
Property Facts
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 6042932 | Improvements Assessment | $28,894 CAD |
| Land Assessment | $30,548 CAD | Total Assessment | $59,442 CAD |
Property Taxes
Parcel Number
6042932
Land Assessment
$30,548 CAD
Improvements Assessment
$28,894 CAD
Total Assessment
$59,442 CAD
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Midas - 20 Year Absolute NNN | 3115 W Pinhook Rd
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