17014 Airline Hwy Prairieville, LA 70769

The property is a Gerber Collision and Glass investment opportunity located in Prairieville, Louisiana. The tenant recently signed a new 5-year lease with two 5-year options to extend. The lease includes 10% rental increases at the beginning of each option period. The property is located along a highly trafficked corridor with an average of over 50,000 vehicles passing daily and benefits from significant frontage and visibility on Airline Highway, the major retail and commuter thoroughfare serving the Baton Rouge MSA. It is adjacent to Interstate 10, which sees over 103,000 vehicles per day. Nearby national tenants include Walmart Supercenter, Albertsons, Dollar Tree, CVS Pharmacy, Chick-fil-A, Taco Bell, Raising Cane’s, and Sherwin-Williams. The surrounding trade area has experienced steady population growth of over 2% annually over the past decade, adding more than 17,000 new residents since 2010. The population within a 5-mile radius is projected to grow by more than 3,100 residents by 2030. The 5-mile trade area is supported by a population of over 80,000 residents and 25,000 employees with an average household income of $140,000.