Kentwood NAPA Auto Parts
For Sale
Contact for pricing
717 Ave G, Kentwood, LA 70444
NAPA Auto Parts store with excellent access and visibility.
Property Size10,156 SF
Price / SF$100
Days on Market185
Property Features for 717 Ave G
General Information
Standard status
Active
Size
10,156 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$76,170
Building Details
Year Built
1976
Year Renovated
2020
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CBRE New Orleans
(504) 733-4555
Listed By:
Bryce French · License #LA 0995690959
Source:
Crexi
Added: Feb 20
Changed: Aug 10
Last Checked: Aug 22 at 12:54PM
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 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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,932
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $101,839 @ 7.0% cap · market cap 10.03%
Second Best
Industrial
$613.3K
$536.7K – $715.5K
NOI $42,932 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $195,976 @ 7.0% cap · market cap 19.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Similar Off Market Nearby
- Southern Star Pro Shop — 304 Ave G, Kentwood, LA 70444
- Servant's Glass LLC — 410 Ave G, Kentwood, LA 70444
- Double B Truck And Trailer Repair LLC — 1148 3rd St, Kentwood, LA 70444
- George's Wrecker Services — 614 13th St, Kentwood, LA 70444
- Kentwood Collision Center LLC — 1107 9th St, 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
