1205 W Oak St
Amite, LA 70422
Retail Property For Sale

Marcus & Millichap has been selected to exclusively market for sale a single-tenant, freestanding RaceTrac convenience store with 20 fueling positions in Amite, Louisiana.Built in 2000, the location was recently remodeled in 2015 and the lease was extended to a new 15-year term.The lease includes 7.5% rental increases every five years in both the primary term and the seven, five-year renewal options.There is a corporate guarantee from RaceTrac Petroleum, Inc.which has annual sales of $9 billion (2014).* The lease is absolute net with no landlord maintenance responsibilities. *Source: RaceTrac The property is located just off Interstate 55 with direct street frontage on West Oak Street in Amite, Louisiana.West Oak Street is the main retail corridor in the city with traffic counts of 21,523 VPD. Interstate 55 is a major route connecting the New Orleans metropolitan area with Jackson, MS and ultimately Chicago, IL.RaceTrac is adjacent to both a Popeyes and Wendy' s restaurants and directly across the street from a Walmart Supercenter.Other national retailers in the area include McDonald' s, Burger King, Taco Bell, Winn Dixie, Hibbett Sports, Dollar Tree, AutoZone, O' Reilly Auto Parts and many others.