5831 Creek Centre Dr | Baton Rouge, LA 70820
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5831 Creek Centre Dr
Baton Rouge, LA 70820
EXPRESS OIL CHANGE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 13 years left on the base term of the lease, this newer constructed absolute NNN investment property provides the landlord a long-term income stream
- Lease is guaranteed by Mavis Tire Express Services Intermediate Corp., who continues to dominate the tire and auto service industry.
- Surrounding properties with other national tenants like Chick fil-A, Whataburger, Arby’s, McAlister’s Deli, Atomic Burger, and Wendy’s.
- Lease includes 7.50% rental increases every 5 years, improving cash flow and overall return, while also providing a hedge against inflation.
- This property may qualify for bonus/accelerated depreciation, potentially increasing landlord’s net after tax cash flow.
- This property sits just down the street from Louisiana State University (LSU) with over 37,000 students currently enrolled.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,157 SF
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.68 AC
Parking
19 Spaces (3.68 Spaces per 1,000 SF Leased)
Frontage
118’ on Creek Centre Drive
PROPERTY TAXES
| Parcel Number | 30849585 | Improvements Assessment | $69,360 |
| Land Assessment | $24,830 | Total Assessment | $94,190 |
PROPERTY TAXES
Parcel Number
30849585
Land Assessment
$24,830
Improvements Assessment
$69,360
Total Assessment
$94,190
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