Take 5 Oil Change
New Roads, LA
Key Details
| Price: | $1,384,615 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $90,000 |
| Address: | 509 Hospital Road, New Roads, Louisiana 70760 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.70 Acres |
| Building Size: | 1,421 SF |
| Year Built: | 2023 |
NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 509 Hospital Road, New Roads, Louisiana 70760. The site consists of roughly 1421 rentable square feet of building space on an estimated 0.7-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $90,000 and has scheduled increases of 1.50% Annually.
About the Investment
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Corporate Guarantee from Driven Brands Funding, LLC (3,500+ Units)
- Attractive Rental Increases | 1.50% Annually Starting Year 2
- Four (4), Five (5)-Year Tenant Renewal Options
About the Location
- Dense Retail Corridor | Walmart, Taco Bell, Subway, McDonald’s, Best Western Hotel, Sonic, Pizza Hut, Burger King and Many More
- Affluent Community | Average Household Income Exceeding $95,200 Within a One-Mile Radius
- Excellent Real Estate Fundamentals | Located Less Than 30-Miles from Downtown Baton Rouge
- Strong Traffic Counts | Over 37,600 and 21,200 Vehicles Per Day Along North Harlem Ave and West Lawrence Ave
- Tourism | Known as the “Little Carnival Capital” of Louisiana, New Roads Brings in Thousands of Visitors Annually
- Louisiana State University | Located Approximately 30 Miles Away | Over 36,000 Students Enrolled
Key Details
| Price: | $1,384,615 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $90,000 |
| Address: | 509 Hospital Road, New Roads, Louisiana 70760 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.70 Acres |
| Building Size: | 1,421 SF |
| Year Built: | 2023 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Edward Otocka
eotocka@nnnpro.com
License: NY: 10401298466
Amelia Haydock
ahaydock@nnnpro.com
License: NY: 10401334976
Francis Purritano
fpurritano@nnnpro.com
License: NY: 10401333619
Gordon Pollock
gpollock@nnnpro.com
License: NY: 10401370688
Broker of Record
Brian Brockman
Bang Realty, Inc
License: BROK.0995684990-ASA
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.