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SUN AUTO TIRE | 15 YEAR ABSOLUTE NET LEASE 2327 Oneal Ln 6,566 SF Retail Building Baton Rouge, LA 70816 $5,182,100 ($789.23/SF) 6.10% Cap Rate
INVESTMENT HIGHLIGHTS
- 15 Year Absolute Net Lease (Zero Landlord Obligations) 10% Rental Increases Every 5 Years Throughout the Initial Term & Increases at Each Option.
- Sun Auto is Majority Owned by Private Equity Firm Leonard Green & Partners - which handles more than $75 Billion of Assets.
- Excellent Access to Major Thoroughfares - Quick Access to Interstate 12 and Florida Boulevard, connecting the Property to Downtown Baton Rouge, etc
- Situated along High-Traffic O’Neal Lane in the heart of Baton Rouge’s Retail Corridor - Features Easy Access & Excellent Visibility at a Hard Corner.
- Adjacent to a Walmart Supercenter and a Brand New Construction ALDI. In Close Proximity to other National Retailers.
- Sun Auto Tire & Service is the Fastest Growing, Top-10 Independent Tire Dealer in the Nation, with over 500 Stores Operating under Multiple Brands.
EXECUTIVE SUMMARY
Sun Auto Tire (Plaza Tire Service) | 15 Year Absolute Net Lease | Brand New 2025 Construction | Qualifies for Accelerated Depreciation | Adjacent to Walmart Supercenter & Brand New Construction ALDI | Hard Corner | Densely Populated & Affluent Area | Quick Access to I-12 & Florida Boulevard
Louisiana Broker of Record: Steve Greer | 10527 Kentshire Ct., Ste. B Baton Rouge, LA 70810 | P: (225) 376-6800 | Lic #: BROK.995710346-ACT | Steve.Greer@MarcusMillichap.com
Louisiana Broker of Record: Steve Greer | 10527 Kentshire Ct., Ste. B Baton Rouge, LA 70810 | P: (225) 376-6800 | Lic #: BROK.995710346-ACT | Steve.Greer@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,566 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$5,182,100
Price Per SF
$789.23
Cap Rate
6.10%
NOI
$316,108
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.90 AC
Frontage
136’ on O'Neil Ln
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sun Auto Tire
- Retailer
- 6,566 SF
- -
- Triple Net
- Dec 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sun Auto Tire | Retailer | 6,566 SF | - | Triple Net | Dec 2040 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 30839968 | Improvements Assessment | $26,520 |
| Land Assessment | $25,000 | Total Assessment | $51,520 |
PROPERTY TAXES
Parcel Number
30839968
Land Assessment
$25,000
Improvements Assessment
$26,520
Total Assessment
$51,520
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SUN AUTO TIRE | 15 YEAR ABSOLUTE NET LEASE | 2327 Oneal Ln
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