70516 LA-21 Covington, LA 70433

Building Details

Year Built

2020

Listing Agency Colliers - Los Angeles - Orange County, California Show Phone

Listed by Eric Carlton · License #CA 01809955

Source Crexi

Added: Dec 14, 2021 Checked: Jul 16 at 10:19 am

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Investment Insights

Based on property information with market context.

This offering presents qualified investors with the opportunity to acquire a corporate-guaranteed, absolute NNN single-tenant net lease investment occupied by Express Oil Change, guaranteed by Mavis Tire. The property features a 15-year base term with five 5-year options. Situated along one of the main North/South corridors through Covington, LA, just off Interstate 12, the property is near major retailers including Winn-Dixie, CVS, Walgreens, Target, Ross Dress for Less, Kohl’s, and Mercedes-Benz of Covington. The property size is 4732 square feet. This is a new construction, passive income-generating investment on a long-term 15-year lease with a corporate guarantee and zero landlord responsibilities.

Key Highlights

• Corporate guaranteed (Mavis Tire) absolute NNN lease provides passive income.
• 15‑year base lease term with five, 5‑year options offers long‑term investment security.
• New construction (2020) minimizes potential maintenance costs.

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Similar Off Market Nearby

• Affordable Auto Glass — 70380 LA-21 Suite 2-1, Covington, LA 70433
• Highway 21 Firestone — 71329 LA-21, Covington, LA 70433
• Take 5 Oil Change — 70443 LA-21, Covington, LA 70433
• Goodyear Auto Service — 70471 LA-21, Covington, LA 70433
• Express Oil Change & Tire Engineers — 70516 LA-21, Covington, LA 70433

FAQs

What type of property is this?

Auto shop - NNN leased Express Oil Change with corporate guarantee.

Where is this auto shop located?

The property is located at 70516 LA-21 Covington, LA.

What is the asking price?

The asking price for this property is $2,335,000.

What are key features of this property?

This property features: Corporate guaranteed (Mavis Tire) absolute NNN lease provides passive income.; 15‑year base lease term with five, 5‑year options offers long‑term investment security.; New construction (2020) minimizes potential maintenance costs.