Jiffy Lube Investment
2602 Ferrand St, Monroe, LA 71201
NNN Jiffy Lube in Monroe, LA with long-term tenant.
Type:Retail
Property size:
2,590 SFPrice / SF:
$386/SF- Added:
- Mar 24, 2026
- Days on Market:
- 96
- Last Refresh:
- Mar 25 at 8:52 pm
Property Features for 2602 Ferrand St
General Information
- Standard status
- Active
- Size
- 2,590 SF
- Property subtype
- Retail
Listing office Matthews
Listing date Mar 24, 2026
Source Crexi
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
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.
- Tenant recently exercised their option period, demonstrating strong long‑term commitment.
- Located near the University of Louisiana Monroe (approximately 9,000 students).
- High traffic location with ±21,500 vehicles per day and excellent accessibility.
Overview
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.0k | $40.92 |
| − Vacancy | −$4.5k | −$1.72 |
| EGI | $101.5k | $39.20 |
| − OpEx | −$30.5k | −$11.76 |
| NOI | $71.1k | $27.44 |
2,590 SF · lease $40.92/SF/yr · vacancy 4.20% · expense 30.00%
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
Multifamily LT 5
$27.90M
$24.41M – $32.55M
NOI $1,952,845 @ 7.0% cap · market cap 195.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Jiffy Lube
Auto Repair Shop
Similar Places Nearby
- Twin City Glass Inc — 2933 louisville ave, monroe, la 71201
- Shelton's Automotive — 2827 Breard St, Monroe, LA 71201
- Scott Nettle's Automotive, Inc — 2835 Breard St, Monroe, LA 71201
- Engine Service & Machine — 2825 Breard St, Monroe, LA 71201
- Ink's Firestone — 3110 Concordia St, Monroe, LA 71201
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 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.
