2602 Ferrand St | Monroe, LA 71201
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- LoopNet Team
2602 Ferrand St
Monroe, LA 71201
Jiffy Lube · Retail Property For Sale
Investment Highlights
- Listed for $876,000 yielding a 8.00% cap rate.
- Rare 12.5% Rent Increases provide an effective hedge against inflation.
- Team Car Care – Full-term guaranty from the largest franchisee in the Jiffy Lube system | ±500 locations nationally.
- Recently exercised option demonstrates commitment to the location.
- Absolute Triple-Net Lease (NNN) – Zero Landlord Responsibilities.
- Adjacent to University of Louisiana Monroe – Public university with ±9,000 students creates strong and sustainable demand for affordable auto service.
Property Facts
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,975 SF
Building Class
C
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.48 AC
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,997 | |
| Land Assessment | $7,322 | Total Assessment | $10,319 |
Property Taxes
Parcel Numbers
Land Assessment
$7,322
Improvements Assessment
$2,997
Total Assessment
$10,319
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