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Advance Auto Parts 1200 S 5th St 7,000 SF Retail Building Leesville, LA 71446 $1,062,069 ($151.72/SF) 7.25% Cap Rate
Investment Highlights
- 7.25% cap rate with ± 11.50 years remaining lease term
- Top 78th percentile brand ranking in Louisiana
- ±26,200 vehicles per day traffic exposure
- Tenant recently signed early extension showing commitment
- Two 5-year renewal options with 10% rent escalations
- Limited retail competition in primary trade hub
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
$1,062,069
Price Per SF
$151.72
Cap Rate
7.25%
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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