70516 La-21 Covington, LA 70433
Sponsored
High-yield NNN lease, Covington, LA.
Property size:
4,732 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 393
Property Features for 70516 La-21
General Information
- Property type
- Automotive properties
- Square Feet
- 4,732 SF
- Lot Size
- 57,064 SF
Building Details
- Year Built
- 2020
- Buildings
- 1
- Stories
- 1
- Units
- 1
HighLights
- 15‑year NNN corporate lease with Express Oil & Tire Engineers (part of Mavis Discount Tire).
- High‑profile retail location near Sam's Club, Target, and Winn‑Dixie, within the River Chase Power Center.
- Express Oil is part of one of the largest automotive service platforms in the U.S., with 1100+ locations.
- Located in a New Orleans MSA suburb with high household income ($129,737) and strong tourism.
- Zero landlord responsibilities, new 2020 construction, and rare 2.5% annual rent increases. Off Interstate 12.
- Backed by Mavis Tire Corp, a subsidiary of Golden Gate Capital with over $19 billion in assets, providing a strong corporate lease guarantee.
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Map
- City
- Covington
- County
- St Tammany Parish
- State
- Louisiana
- Longitude
- -90.1330522
- Latitude
- 30.4560215
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - High-yield NNN lease, Covington, LA.
Where is this automotive property 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: 15-year NNN corporate lease with Express Oil & Tire Engineers (part of Mavis Discount Tire).; High-profile retail location near Sam's Club, Target, and Winn-Dixie, within the River Chase Power Center.; Express Oil is part of one of the largest automotive service platforms in the U.S., with 1100+ locations.
