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NAPA Auto Parts: Raceland, LA 3871 Highway 1 7,231 SF Retail Building Raceland, LA 70394 $732,600 ($101.31/SF) 7.65% Cap Rate
Investment Highlights
- ±2% annual rent increases starting in 2027 and continuing throughout the two, 5-year renewal options.
- 34 miles southwest of New Orleans
- Houma-Bayou Cane-Thibodaux, LA MSA
Executive Summary
Situated approximately 34 miles southwest of New Orleans and 58 miles southeast of Baton Rouge, NAPA is located along LA-1 (VPD)—a vital coastal highway in Louisiana, stretching from the Gulf of Mexico to near Alexandria, crucial for transportation and industry. NAPA’s net lease features ±4.1 years of term remaining with ±2% annual rent increases starting in 2027 and continuing throughout the two, 5-year renewal options. NAPA is located directly across LA-1 from New Orleans Style Po Boys, with other businesses including Capital One Bank, Dollar General, Tasty Cream Donuts, Rite Shop, LA 1EZ Stop, Outpatient Medical Services in the immediate vicinity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,231 SF
Year Built/Renovated
1998/2021
Price
$732,600
Price Per SF
$101.31
Cap Rate
7.65%
NOI
$56,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Lot Size
0.34 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 0031067600 | Improvements Assessment | $8,730 |
| Land Assessment | $1,060 | Total Assessment | $9,790 |
Property Taxes
Parcel Number
0031067600
Land Assessment
$1,060
Improvements Assessment
$8,730
Total Assessment
$9,790
Contacts
-
Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Katie Goldberg -
Abby Kelly -
Leah Lindell -
Bryce French -
Kaitlyn Wolf -
CBRE
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Photos
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NAPA Auto Parts: Raceland, LA | 3871 Highway 1
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