Jiffy Lube Investment
2602 Ferrand St, Monroe, LA 71201
For Sale
Contact for pricing
NNN Jiffy Lube in Monroe, LA with long-term tenant.
Property Size2,590 SF
Price / SF$386.10
Days on Market232
Property Features for 2602 Ferrand St
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Buildings
Stories
Units
Tenancy
Listing Agency:
Matthews
Listed By:
Jack Kulick · License LA C02126798
Source:
Crexi
Added: Mar 24
Changed: Nov 4
Last Checked: Nov 8 at 6:42AM
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
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Investment Insights
Based on property information with market context.
The Jiffy Lube property located at 2602 Ferrand St in Monroe, LA 71201 is available for purchase. The property is listed at $1,000,000, offering a 7.00% cap rate. The tenant has recently exercised their option period. The guarantor, Team Car Care, is the largest Jiffy Lube franchise operator in the United States. The lease is absolute NNN with no landlord responsibilities. Rent increases of 12.5% are scheduled every 5 years. The property is located near the University of Louisiana Monroe, which has approximately 9,000 students. Approximately 21,500 vehicles per day pass the site, which has multiple access points from both Ferrand Street and Sterlington Road. Surrounding national co-tenants include McDonald's, Starbucks, Circle K, Chase Bank, Wendy's, Taco Bell, Domino's, and Zaxby's. The property size is 2,590 square feet. This property is also available as part of a two-site portfolio alongside a Jiffy Lube located at 1333 E Main St, Ville Platte, LA, 70586 offered together at $1,786,000 | $125,052 Rent | 7.00% Cap Rate.
Key Highlights
- Absolute NNN lease offers a truly passive investment with no landlord responsibilities.
- Guaranteed by Team Car Care (400+ locations), the largest Jiffy Lube franchise operator, ensuring exceptional stability.
- Rent increases of 12.5% every 5 years provide a rare and attractive hedge against inflation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,072
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,421,440
$1.4M
Cap Rate 7%
$1,015,314
$1.0M
Cap Rate 9%
$789,689
$789.7K
Market Conditions
NOI Build-Up for 2,590 SF
Gross rent
$106.0K $40.92/SF
− Vacancy
−$4.5K −$1.72/SF
EGI
$101.5K $39.20/SF
− OpEx
−$30.5K −$11.76/SF
NOI
$71.1K $27.44/SF
Area
Ouachita County, LA
Vacancy
4.20%
Lease Rate
$40.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,421,440
Cap Rate 7%
$1,015,314
Cap Rate 9%
$789,689
Alternative Uses
Best Use
Retail
$1.02M
$888.4K – $1.18M
NOI $71,072 @ 7.0% cap · market cap 7.11%
Second Best
Industrial
$186.9K
$163.5K – $218.0K
NOI $13,081 @ 7.0% cap · market cap 1.31%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,150 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
168k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 19%
McDonald's
Dining
21,675 visits/mo
0.2 miles
Taco Bell
Dining
20,854 visits/mo
0.2 miles
Starbucks
Dining
18,792 visits/mo
0.1 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
18,460 visits/mo
0.4 miles
Wendy's
Dining
17,386 visits/mo
0.1 miles
Demographics for 71201, LA
21,565
Population
10,352
Households
2.1
Avg Household Size
39
Median Age
43%
College-Educated
92%
High-School Grad
14.9 sq mi
ZIP Area
1,447
Density / Sq Mi
$53,538
Median Household Income
$44,262
Median Earnings
$882
Median Rent
$247,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Shelton's Automotive — 2827 Breard St, Monroe, LA 71201
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- Twin City Glass Inc — 2933 louisville ave, monroe, la 71201
- Scott Nettle's Automotive, Inc — 2835 Breard St, Monroe, LA 71201
- Ink's Firestone — 3110 Concordia St, Monroe, LA 71201
Frequently Asked Questions
What type of property is this?
Auto shop - NNN Jiffy Lube in Monroe, LA with long-term tenant.
Where is this auto shop located?
The property is located at 2602 Ferrand St Monroe, LA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Absolute NNN lease offers a truly passive investment with no landlord responsibilities.; Guaranteed by Team Car Care (400+ locations), the largest Jiffy Lube franchise operator, ensuring exceptional stability.; Rent increases of 12.5% every 5 years provide a rare and attractive hedge against inflation.
