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2602 Ferrand St
Monroe, LA 71201
Jiffy Lube · Retail Property For Sale

Investment Highlights

  • Jiffy Lube With 5.5+ Years Remaining on Primary Term
  • Attractive 12.5% Rental Increase to Occur in March of 2025
  • Strong 5-Mile Demographics With 77,000+ Residents
  • Absolute NNN With Zero Landlord Responsibilities
  • Tenants Have the Option to Exercise 2 (Two) 5-Year Options, Both Including 12.5% Rental Increases on Each Option Period
  • Tenant has Recently Made Improvements to the lot, Showing a Long-Term Commitment to the Site

Property Facts

Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,230 SF
Building Class
C
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.48 AC

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 103029
  • 34518
Land Assessment
$7,322
Improvements Assessment
$2,997
Total Assessment
$10,319
  • Listing ID: 29900102

  • Date on Market: 10/27/2023

  • Last Updated:

  • Address: 2602 Ferrand St, Monroe, LA 71201

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