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Take 5 Oil Change | 14% Increases 3120 Ambassador Caffery Pky 1,572 SF Retail Building Lafayette, LA 70506 $1,482,000 ($942.75/SF) 5.75% Cap Rate
Investment Highlights
- 5+ Years Remaining | Options To Extend | Scheduled Rental Increase | Strong-Performing Location
- Across From Walmart Supercenter Anchored Center | Lafayette Village | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 Oil Change investment property located in Lafayette, Louisiana. The tenant, Take 5 Oil Change has over 5 years of initial term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 14% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The Take 5 is a strong-performing location and is ranked in the 83rd percentile nationwide for annual visits per Placer.ai.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,572 SF
Building Class
B
Year Built
2006
Price
$1,482,000
Price Per SF
$942.75
Cap Rate
5.75%
NOI
$85,189
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.00 AC
Zoning
CH - Commercial Heavy
Parking
7 Spaces (4.45 Spaces per 1,000 SF Leased)
Frontage
200’ on Ambassador Cafrey
Amenities
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6128019 | Improvements Assessment | $15,728 |
| Land Assessment | $26,117 | Total Assessment | $41,845 |
Property Taxes
Parcel Number
6128019
Land Assessment
$26,117
Improvements Assessment
$15,728
Total Assessment
$41,845
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