Express Oil Change Investment
For Sale
Contact for pricing
70516 LA-21, Covington, LA 70433
NNN leased Express Oil Change with corporate guarantee.
Property Size4,732 SF
Price / SF$493.45
Days on Market1723
Property Features for 70516 LA-21
General Information
Standard status
Active
Size
4,732 SF
Property subtype
Retail
Lease Type
NNN
Net Operating Income
$143,505
Building Details
Year Built
2020
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Colliers - Los Angeles - Orange County, California
Listed By:
Eric Carlton · License #CA 01809955
(949) 724-5561
Source:
Crexi
Added: Dec 14, 2021
Changed: Aug 19
Last Checked: Sep 1 at 1:50AM
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 Colliers - Los Angeles - Orange County, California
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 31%
AutoZone
Shops & Services
6,077 visits/mo
0.4 miles
Kung Fu Tea
Dining
3,866 visits/mo
0.1 miles
Christian Brothers Automotive
Shops & Services
1,509 visits/mo
0.2 miles
Express Oil Change
Shops & Services
1,022 visits/mo
0.4 miles
Demographics for 70433, LA
41,423
Population
18,712
Households
2.2
Avg Household Size
42
Median Age
45%
College-Educated
93%
High-School Grad
48.7 sq mi
ZIP Area
851
Density / Sq Mi
$79,354
Median Household Income
$47,406
Median Earnings
$1,373
Median Rent
$316,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Affordable Auto Glass — 70380 LA-21 Suite 2-1, 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
- Highway 21 Firestone — 71329 LA-21, Covington, LA 70433
Frequently Asked Questions
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.
