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Jiffy Lube 14275 Coursey Blvd 4,845 SF Retail Building Baton Rouge, LA 70817 $2,608,080 ($538.30/SF) 6.25% Cap Rate
EXECUTIVE SUMMARY
Opportunity to acquire a corporate-guaranteed Jiffy Lube located in Baton Rouge, Louisiana. The property, constructed in 2013, is on an absolute net lease with Team Car Care East, LLC (230+ location operator). The current lease term has seven years remaining, with a fixed 10% rent increase in February 2028. The tenant has four 5-year options to renew with 10% increases scheduled at the exercise of each option.
The property sits as an outparcel to a Walmart Neighborhood Market-anchored shopping center, with direct frontage and monument signage on Coursey Boulevard.
The property sits as an outparcel to a Walmart Neighborhood Market-anchored shopping center, with direct frontage and monument signage on Coursey Boulevard.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,845 SF
Building Class
B
Year Built
2013
Price
$2,608,080
Price Per SF
$538.30
Cap Rate
6.25%
NOI
$163,005
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.82 AC
Parking
10 Spaces (2.06 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01928384 | Improvements Assessment | $53,537 |
| Land Assessment | $56,650 | Total Assessment | $110,187 |
PROPERTY TAXES
Parcel Number
01928384
Land Assessment
$56,650
Improvements Assessment
$53,537
Total Assessment
$110,187
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Jiffy Lube | 14275 Coursey Blvd
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