Midas 6-Bay Auto Service
3115 W Pinhook Rd, Lafayette, LA 70508
For Sale
Contact for pricing
The renovated facility carries a 20-year absolute NNN lease with four five-year renewal options.
Property SizeContact for details
Lot Size1.66 Acres
Days on Market42
Property Features for 3115 W Pinhook Rd
General Information
Standard status
Lot size
Property subtype
Occupancy
Site & Location
Traffic Count
Road Access
Automotive
Service Bays
Automotive Uses
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Building Details
Buildings
Tenancy
Listing Agency:
Century Partners RE
Listed By:
Marc Merchant · License CA #02117365
Source:
Crexi
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 8 at 2:33PM
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 Century Partners RE
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Investment Insights
Based on property information with market context.
This Midas auto service property in Lafayette, Louisiana, has a renovated six-bay building on a 1.66-acre parcel. The property is leased to Red Eagle LLC, a franchisee operating auto service centers in Mississippi, Louisiana, and Tennessee. Lease terms include a 20-year absolute NNN structure, 10% rent increases every 5 years, and four 5-year renewal options.
At 3115 W Pinhook Rd, the site has frontage along a road carrying 25,000+ vehicles daily. The University of Louisiana at Lafayette and a Walmart Supercenter-anchored retail node are nearby. The surrounding trade area includes 130K residents within 5 miles and average household income of $105K within 3 miles.
At 3115 W Pinhook Rd, the site has frontage along a road carrying 25,000+ vehicles daily. The University of Louisiana at Lafayette and a Walmart Supercenter-anchored retail node are nearby. The surrounding trade area includes 130K residents within 5 miles and average household income of $105K within 3 miles.
Key Highlights
- Renovated six‑bay Midas auto service building
- 1.66‑acre site at 3115 W Pinhook Rd
- 20‑year absolute NNN lease with 10% rent increases every 5 years
Property Analytics
Current Use
Lease Details
6
Service bays
25,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Rick's Towing & Recovery — 3436 W Pinhook Rd, Lafayette, LA 70508
- Auto Windshield Repair USA — 3527 W Pinhook Rd, Lafayette, LA 70508
- Envision tint — 105 Bonin Rd, Lafayette, LA 70508
- Supreme Fleet Services — 126 Letchworth Ln, Lafayette, LA 70508
- Lafayette Tires and Wheels — 3400 W Pinhook Rd, Lafayette, LA 70508
Frequently Asked Questions
What type of property is this?
Auto shop - The renovated facility carries a 20-year absolute NNN lease with four five-year renewal options.
Where is this auto shop located?
The property is located at 3115 W Pinhook Rd Lafayette, LA.
What is the asking price?
The asking price for this property is $1,762,962.
What are key features of this property?
This property features: Renovated six‑bay Midas auto service building; 1.66‑acre site at 3115 W Pinhook Rd; 20‑year absolute NNN lease with 10% rent increases every 5 years
