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3115 W Pinhook Rd
Lafayette, LA 70508
Midas - 20 Year Absolute NNN · Flex Property For Sale
Investment Highlights
- Brand-new 20-year absolute NNN lease, renovated Midas building, 25,000+ VPD frontage, long-term occupancy, and strong historical operating performance
- Experienced 13-unit operator, strong corporate and personal guaranty, backed by Midas, a global auto care brand with 2,000+ locations.
- Prime Pinhook Road retail corridor location near Walmart and UL Lafayette, with affluent demographics, 130K residents, and rapid population growth.
Executive Summary
20-Year Absolute NNN Lease
25,000 VPD+ Frontage on W Pinhook Road
Rapidly Growing Market - 2.5% annual growth in 1 Mile Radius
Newly Renovated 6-Bay Midas Building
Investment Highlights
•Brand New 20 Year Absolute NNN lease
•Direct frontage and visibility to 25,000+ vehicles daily
•Newly Renovated Midas Building positioned for long term occupancy
•Strong historical operating performance (call broker for details)
Location Highlights
•Centrally located within the rapidly growing Pinhook Road retail corridor
•Affluent, densely populated trade area: $105K average household income within 3 miles and 130K residents within 5 miles
•Rapidly growing population within a 1 mile radius: 2.5% annually
•Close proximity to the Walmart Supercenter-anchored retail node
•Proximate the University of Louisiana at Lafayette (~20,000 students)
Tenant Highlights
•Experienced Operator: Red Eagle LLC operates 13 Midas auto service centers across Mississippi and Tennessee
•Strong corporate and personal guaranty backing the lease
•Midas: Established international auto care brand with 2,000+ locations worldwide
25,000 VPD+ Frontage on W Pinhook Road
Rapidly Growing Market - 2.5% annual growth in 1 Mile Radius
Newly Renovated 6-Bay Midas Building
Investment Highlights
•Brand New 20 Year Absolute NNN lease
•Direct frontage and visibility to 25,000+ vehicles daily
•Newly Renovated Midas Building positioned for long term occupancy
•Strong historical operating performance (call broker for details)
Location Highlights
•Centrally located within the rapidly growing Pinhook Road retail corridor
•Affluent, densely populated trade area: $105K average household income within 3 miles and 130K residents within 5 miles
•Rapidly growing population within a 1 mile radius: 2.5% annually
•Close proximity to the Walmart Supercenter-anchored retail node
•Proximate the University of Louisiana at Lafayette (~20,000 students)
Tenant Highlights
•Experienced Operator: Red Eagle LLC operates 13 Midas auto service centers across Mississippi and Tennessee
•Strong corporate and personal guaranty backing the lease
•Midas: Established international auto care brand with 2,000+ locations worldwide
Property Facts
Property Taxes
| Parcel Number | 6042932 | Improvements Assessment | $20,480 |
| Land Assessment | $21,653 | Total Assessment | $42,133 |
Property Taxes
Parcel Number
6042932
Land Assessment
$21,653
Improvements Assessment
$20,480
Total Assessment
$42,133
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