Building Details

Year Built 1976

Year Renovated 2020

Buildings 1

Stories 1

Units 1

Tenancy Single

Listing Agency: CBRE New Orleans

Listed By: Bryce French · License #LA 0995690959 Show Phone

Source: Crexi

Added: Feb 20 Changed: Oct 13 Last Checked: Oct 12 at 5:21PM

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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 CBRE New Orleans

Investment Insights

Based on property information with market context.

Located approximately 52 miles northeast of Baton Rouge and 73 miles northwest of New Orleans, near the Louisiana and Mississippi border, this NAPA Auto Parts store benefits from high visibility and accessibility on Avenue G, with a traffic count of 8,877 vehicles per day. It is situated just feet from on and off access to Interstate 55, which sees 23,409 vehicles per day. The property's net lease has approximately 4.1 years of term remaining, featuring approximately 2% annual rent increases starting in 2027 and continuing through two, 5-year renewal options. The property is immediately adjacent to Pizza Shack and Southeast Regional Medical Center, with Sullivan’s Grocery located directly across Avenue G. Other businesses in the area include Sonic Drive-In, Popeye’s Louisiana Kitchen, McDonald’s, Shell, Kentwood Family Pharmacy, Hancock Whitney Bank, Kentwood Travel Center, Southeast Community Health, Fresnius Kidney Care, Dollar General, and Circle K. Nearby traffic drivers include Kentwood High School, with 313 students, and OW Dillon Elementary School, with 342 students.

Key Highlights

• Excellent access and visibility on Avenue G and Interstate 55
• Net lease with ±4.1 years of term remaining
• ±2% annual rent increases starting in 2027

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,932

Cap Rate

4.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$858,640 $858.6K

Cap Rate 7%

$613,314 $613.3K

Cap Rate 9%

$477,022 $477.0K

Market Conditions

NOI Build-Up for 10,156 SF

Gross rent

$67.0K $6.60/SF

− Vacancy

−$5.7K −$0.56/SF

EGI

$61.3K $6.04/SF

− OpEx

−$18.4K −$1.81/SF

NOI

$42.9K $4.23/SF

Area

Tangipahoa County, LA

Vacancy

8.50%

Lease Rate

$6.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$858,640

Cap Rate 7%

$613,314

Cap Rate 9%

$477,022

Alternative Uses

Best Use

Retail

$1.45M

$1.27M – $1.70M (±1% cap)

NOI $101,839 @ 7.0% cap · market cap 10.03%

Second Best

Industrial

$613.3K

$536.7K – $715.5K (±1% cap)

NOI $42,932 @ 7.0% cap · market cap 4.23%

Theoretical Best

Office A

$2.80M

$2.45M – $3.27M (±1% cap)

NOI $195,976 @ 7.0% cap · market cap 19.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

True value hardware Building Supply NAPA Auto Parts ... Auto Parts Store

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Dental Office Law Firm Storage Facility Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

217

Businesses Nearby

57k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 65% Dining 35%

Circle K Shops & Services

22,488 visits/mo 0.4 miles

SONIC Drive In Dining

12,440 visits/mo 0.1 miles

Popeyes Louisiana Kitchen Dining

7,363 visits/mo 0.3 miles

Texaco Shops & Services

3,989 visits/mo 0.1 miles

Shell Shops & Services

3,050 visits/mo 0.2 miles

Demographics for 70444, LA

9,667

Population

4,662

Households

2.1

Avg Household Size

42

Median Age

19%

College-Educated

86%

High-School Grad

244.6 sq mi

ZIP Area

40

Density / Sq Mi

$56,277

Median Household Income

$37,500

Median Earnings

$805

Median Rent

$173,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Double B Truck And Trailer Repair LLC — 1148 3rd St, Kentwood, LA 70444
• Kentwood Collision Center LLC — 1107 9th St, Kentwood, LA 70444
• George's Wrecker Services — 614 13th St, Kentwood, LA 70444
• Servant's Glass LLC — 410 Ave G, Kentwood, LA 70444
• Southern Star Pro Shop — 304 Ave G, Kentwood, LA 70444

Frequently Asked Questions

What type of property is this?

Auto shop - NAPA Auto Parts store with excellent access and visibility.

Where is this auto shop located?

The property is located at 717 Ave G Kentwood, LA.

What is the asking price?

The asking price for this property is $1,015,600.

What are key features of this property?

This property features: Excellent access and visibility on Avenue G and Interstate 55; Net lease with ±4.1 years of term remaining; ±2% annual rent increases starting in 2027