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Fast Stop 438 Trumps Rd 4,086 SF Retail Building Egan, LA 70531 $7,312,208 ($1,789.58/SF) 7.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net Lease with No Landlord Responsibilities
- Attractive 2% Annual Rental Increases
- Recently Signed Long-Term 20-Year Lease
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Fast Stop Truck Stop located at 438 Trumps Rd, Egan, LA 70531. The site consists of roughly 4,086 rentable square feet of building space on an estimated 6.56-acre parcel of land. This Fast Stop Truck Stop is subject to a 20-year Triple Net (NNN) lease, which commenced 12/16/2024. The current annual rent is $563,040 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,086 SF
Building Class
C
Year Built
2024
Price
$7,312,208
Price Per SF
$1,789.58
Cap Rate
7.70%
NOI
$563,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
6.56 AC
PROPERTY TAXES
| Parcel Number | 0400054180A | Improvements Assessment | $162,440 |
| Land Assessment | $35,000 | Total Assessment | $197,440 |
PROPERTY TAXES
Parcel Number
0400054180A
Land Assessment
$35,000
Improvements Assessment
$162,440
Total Assessment
$197,440
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Fast Stop | 438 Trumps Rd
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