2602 Ferrand St Monroe, LA 71201
New
NNN Jiffy Lube in Monroe, LA with long-term tenant.
Property size:
2,590 SFLot size:
0.48 AcresProperty Features for 2602 Ferrand St
General Information
- Standard status
- Active
- Size
- 2,590 SF
- Lot size
- 0.48 Acres
Source:
Crexi
Listing Agency: Matthews Listing Agent: Jack Kulick
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Jiffy Lube Investment Opportunity
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.
Location Intelligence
Current Use by Public Records
Jiffy Lube
Auto Repair Shop
Similar Places Nearby
Twin City Glass Inc, Shelton's Automotive, Scott Nettle's Automotive, Inc, Engine Service & Machine, Ink's Firestone
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Ouachita
- State
- Louisiana
- Longitude
- -92.080634
- Latitude
- 32.533372
Nearby Similar for Sale
FAQs
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 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.
