Express Oil Change Investment
70516 LA-21, Covington, LA 70433
Call to check price and availability
NNN leased Express Oil Change with corporate guarantee.
Type:Retail
Property size:
4,732 SFPrice / SF:
$493/SF- Added:
- Dec 14, 2021
- Days on Market:
- 1632
- Last Refresh:
- May 19 at 9:25 pm
Property Features for 70516 LA-21
General Information
- Standard status
- Active
- Size
- 4,732 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2020
Listing agent Eric Carlton License #CA 01809955
Listing office Colliers - Los Angeles - Orange County, California (949) 724-5552
Listing date Dec 14, 2021
Source Crexi
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
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.
- Located on a main North/South corridor in Covington, LA, providing high visibility.
- Positioned near Interstate 12, offering easy access for customers.
- Proximity to major retailers increases customer traffic.
Overview
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.
Location Intelligence
Current Use by Public Records
Auto shops
Similar Places 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
Map
- City
- Covington
- County
- St. Tammany
- State
- Louisiana
- Longitude
- -90.1271
- Latitude
- 30.4598
Nearby Similar for Sale
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.
