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1333 E Main St
Ville Platte, LA 70586
Retail Property For Sale
Investment Highlights
- Absolute NNN lease with ±9.6 years remaining and rare 12.5% rent increases every 5 years.
- Jiffy Lube is a national leader in quick-lube services and a subsidiary of Shell Oil Company.
- Auto service sector is e-commerce and recession resistant, providing stable income.
- Team Car Care is the largest Jiffy Lube franchisee with 400+ locations nationwide.
- Recent capital improvements and lease extension show tenant's strong commitment.
- Located on Main St. with ±16,000 vehicles per day and strong local population growth.
Executive Summary
Donnie Jarreau
Jarreau Real Estate
License # BROK.995704351-CORP, BROK.32688-ACT (LA)
16161 Perkins Road, Baton Rouge, LA 70810
(866) 889-0550
Jarreau Real Estate
License # BROK.995704351-CORP, BROK.32688-ACT (LA)
16161 Perkins Road, Baton Rouge, LA 70810
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
3,077 SF
Year Built/Renovated
2005/2025
Price
$786,000
Price Per SF
$255.44
Cap Rate
7%
NOI
$55,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.47 AC
Parking
8 Spaces (2.6 Spaces per 1,000 SF Leased)
Frontage
109’ on E Main St
Property Taxes
| Parcel Number | 011-0040500 | Improvements Assessment | $2,400 |
| Land Assessment | $600 | Total Assessment | $3,000 |
Property Taxes
Parcel Number
011-0040500
Land Assessment
$600
Improvements Assessment
$2,400
Total Assessment
$3,000
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