Advance Auto Parts
For Sale
Contact for pricing
12516 Hwy 44, Gonzales, LA 70737
NNN leased investment property with a corporate guarantee.
Property Size6,758 SF
Price / SF$161.07
Days on Market169
Property Features for 12516 Hwy 44
General Information
Standard status
Active
Size
6,758 SF
Property subtype
RETAIL
Listing Agency:
Matthews Real Estate Investment Services | Dallas
(866) 889-0550
Listed By:
Josh Bishop · License #688810(TX)
(315) 730-6228
Source:
Moodyscre
Added: Apr 28
Changed: Oct 4
Last Checked: Oct 12 at 9:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Dallas
Investment Insights
Based on property information with market context.
This commercial property is leased to Advance Auto Parts, one of the nation’s largest automotive aftermarket parts providers serving professional installers and do-it-yourself customers. The lease is corporate guaranteed by Advance Stores Company, Inc., with an S&P rating of BB. Considered an essential retailer, Advance Auto Parts has maintained consistent operations and rent payments, including throughout the COVID-19 pandemic. The property benefits from a rare absolute NNN lease. Advance Auto signed a new 15-year lease in 2020, confirming their commitment to the location and market. Approximately 7.5 years remain on the base term of the initial 15-year lease. The property is located in Gonzales, Louisiana, in Ascension Parish in southeastern Louisiana, positioned between Baton Rouge and New Orleans, offering convenient access to major employment centers, regional retail, and industrial corridors. Gonzales is situated approximately 25 miles south of Baton Rouge and 50 miles northwest of New Orleans, providing strong connectivity to both metropolitan areas via Interstate 10. The location benefits from approximately 19,000 vehicles daily at the intersection of N Burnside Ave. The 5-mile population consists of approximately 91,940 residents with do-it-yourself demographics based on an average household income of $118,856 annually. The property has 6,758 square feet.
Key Highlights
- Brand new 15‑year lease signed in 2020 by Advance Auto Parts.
- Corporate guaranteed lease by Advance Stores Company, Inc. (S&P Rated BB).
- Attractive 7.75% cap rate for a stabilized investment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,863
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,260
$1.3M
Cap Rate 7%
$912,329
$912.3K
Cap Rate 9%
$709,589
$709.6K
Market Conditions
NOI Build-Up for 6,758 SF
Gross rent
$101.4K $15.00/SF
− Vacancy
−$10.1K −$1.50/SF
EGI
$91.2K $13.50/SF
− OpEx
−$27.4K −$4.05/SF
NOI
$63.9K $9.45/SF
Area
Ascension County, LA
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,260
Cap Rate 7%
$912,329
Cap Rate 9%
$709,589
Alternative Uses
Best Use
Retail
$912.3K
$798.3K – $1.06M
NOI $63,863 @ 7.0% cap · market cap 5.87%
Second Best
Industrial
$492.9K
$431.3K – $575.0K
NOI $34,500 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,803 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70737, LA
47,332
Population
20,720
Households
2.3
Avg Household Size
36
Median Age
26%
College-Educated
86%
High-School Grad
54.0 sq mi
ZIP Area
877
Density / Sq Mi
$80,758
Median Household Income
$51,444
Median Earnings
$1,533
Median Rent
$252,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- M&M City Tire Shop — 1738 Airline Hwy, Gonzales, LA 70737
- Auto Tech Muffler & Repairs — 1738 Airline Hwy, Gonzales, LA 70737
- City Rims and Tires, Inc. — N Airline Hwy, Gonzales, LA 70737
- CNC Auto Repair — 12501 Airline Hwy, Gonzales, LA 70737
- St Amant Cycles LLC — 40426 Cannon Rd, Gonzales, LA 70737
Frequently Asked Questions
What type of property is this?
Auto shop - NNN leased investment property with a corporate guarantee.
Where is this auto shop located?
The property is located at 12516 Hwy 44 Gonzales, LA.
What is the asking price?
The asking price for this property is $1,088,505.
What are key features of this property?
This property features: Brand new 15‑year lease signed in 2020 by Advance Auto Parts.; Corporate guaranteed lease by Advance Stores Company, Inc. (S&P Rated BB).; Attractive 7.75% cap rate for a stabilized investment.
