Log In/Sign Up
Your email has been sent.
Abs. NNN Citgo Gas Station | Lake Charles MSA 103 US-90 2,850 SF Retail Building Iowa, LA 70647 $2,177,047 ($763.88/SF) 7.50% Cap Rate
Investment Highlights
- New 20 Year Absolute NNN Lease; 2% Annual Rent Increases in Primary Term; Strong Lease Guaranty; Contact broker for details
- 2,850 Square-Foot Convenience Store 8 Fueling Lanes; Excellent Visibility on Signalized Hard Corner
- Direct Frontage to US-90; Primary Arterial Corridor Connecting Southwest Louisiana to Greater Houston Metro
- Fee Simple; Land and Building Ownership; Qualifies for Bonus Depreciation (Consult with Your Tax professional)
- Signalized Hard Corner with 10,000 Cars per Day at Intersection; Average Household Income Exceeds $86,000 Within 5 Miles
- Over $55 Billion in Industrial Projects Planned in the Lake Charles Region; Including LNG, Methanol, and Petrochemical Facilities
Executive Summary
Qualifies for Bonus Depreciation (Consult with Your Tax professional)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,850 SF
Building Class
C
Year Built
1980
Price
$2,177,047
Price Per SF
$763.88
Cap Rate
7.50%
NOI
$163,279
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.52 AC
Amenities
- Corner Lot
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00725056 | Improvements Assessment | $10,000 |
| Land Assessment | $4,000 | Total Assessment | $14,000 |
Property Taxes
Parcel Number
00725056
Land Assessment
$4,000
Improvements Assessment
$10,000
Total Assessment
$14,000
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Abs. NNN Citgo Gas Station | Lake Charles MSA | 103 US-90
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.