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Advance Auto Parts 1200 S 5th St 7,000 SF Retail Building Leesville, LA 71446 $1,026,667 ($146.67/SF) 7.50% Cap Rate
Investment Highlights
- The tenant recently signed an early extension to the lease, showing their past success & long-term commitment to the location.
- The asset has a lease with approximately ±11.50 years of remaining lease term, scheduled to expire on 12/31/2037
- NN lease structure with the landlord responsible for roof, lot, structure, and 1/2 of HVAC over $500
- The site ranks in the top 78th percentile in brand ranking for the state of Louisiana, as per AlphaMaps.
- The lease provides two 5-year renewal options, each featuring 10% rent escalations, supporting future income growth over an extended hold period.
- The property consists of a ±7,000 SF building situated on a ±0.84 acre parcel with 28 parking spaces
Executive Summary
Broker Of Record
Donnie Jarreau
Jarreau Real Estate
BROK.32688-ACT, BROK.995704351-CORP (LA)
16161 Perkins Road, Baton Rouge, LA 70810 (866) 889-0550
Donnie Jarreau
Jarreau Real Estate
BROK.32688-ACT, BROK.995704351-CORP (LA)
16161 Perkins Road, Baton Rouge, LA 70810 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Year Built
2000
Price
$1,026,667
Price Per SF
$146.67
Cap Rate
7.50%
NOI
$77,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.84 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 011-160-4991 | Improvements Assessment | $63,170 |
| Land Assessment | $8,000 | Total Assessment | $71,170 |
Property Taxes
Parcel Number
011-160-4991
Land Assessment
$8,000
Improvements Assessment
$63,170
Total Assessment
$71,170
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Advance Auto Parts | 1200 S 5th St
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