Automotive Retail Investment
4605 W CONGRESS ST Lafayette, LA 70506
4605 W CONGRESS ST, Lafayette, LA, 70506
Contact for pricing
For Sale
Contact for pricing
For sale automotive property offering an 8.45% cap rate with a corporate guarantee.
Property Size7,007 SF
Price / SF$142
Days on Market83
Property Features for 4605 W CONGRESS ST
General Information
- Standard status
- Active
- Size
- 7,007 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1860
Listing agency
Bang Realty
(888) 737-2264
Listed by
Brian Brockman · License #298998
Source
Crexi
Added: May 1 Updated: Jul 21 at 10:54PM Checked: Jul 21 at 10:54PM
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 Bang Realty
Investment Insights
Based on property information with market context.
This for-sale automotive retail investment property is presented with an 8.45% cap rate and a corporate guarantee tied to NASDAQ: MNRO. The offering is priced at $995,000 and includes a property size of 7,007 square feet.
The property is located at 4605 W Congress St in Lafayette, Louisiana.
For investors and tenants seeking an income-oriented commercial asset with a corporate guarantee, this offering combines the stated cap rate with the existing property footprint.
The property is located at 4605 W Congress St in Lafayette, Louisiana.
For investors and tenants seeking an income-oriented commercial asset with a corporate guarantee, this offering combines the stated cap rate with the existing property footprint.
Key Highlights
- Automotive property with an 8.45% cap rate
- Corporate guarantee noted in the listing (NASDAQ: MNRO)
- Built in 1860
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 | $132.0k | $18.84 |
| − Vacancy | −$10.6k | −$1.51 |
| EGI | $121.4k | $17.33 |
| − OpEx | −$36.4k | −$5.20 |
| NOI | $85.0k | $12.13 |
7,007 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.42M
NOI $84,979 @ 7.0% cap · market cap 8.54%
Second Best
Industrial
$472.3K
$413.3K – $551.0K
NOI $33,060 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,969 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tire Choice Auto ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Bayou Mobile RV Services, LLC — 1200 Rue du Belier, Lafayette, LA 70506
- Mk Automotive Services — 1200 Rue du Belier, Lafayette, LA 70506
- Take 5 Oil Change — 3120 Ambassador Caffery Pkwy, Lafayette, LA 70506
- Walmart Auto Care Centers — 3142 Ambassador Caffery Pkwy, Lafayette, LA 70506
- 5 Minute Oil Change — 3120 Ambassador Caffery Pkwy, Lafayette, LA 70506
FAQs
What type of property is this?
Auto shop - For sale automotive property offering an 8.45% cap rate with a corporate guarantee.
Where is this auto shop located?
The property is located at 4605 W CONGRESS ST Lafayette, LA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Automotive property with an 8.45% cap rate; Corporate guarantee noted in the listing (NASDAQ: MNRO); Built in 1860
