2112 O'neal Ln Baton Rouge, LA 70816
- Retail properties
- 1,462 SF
- 0.48 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2112 O'neal Ln
- Year built
- 2020
- Lot size
- 0.48 lot acres
- Property size
- 1,462 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fee-simple ownership of a 1,462 square foot Take 5 Oil Change, located at 2112 O'Neal Ln, Baton Rouge, LA 70816. The property sits on a 0.48-acre lot and boasts a prime location on a main retail corridor with excellent visibility and easy access to I-12. This single-story, 2020-built building benefits from an absolute NNN ground lease, meaning the tenant is responsible for all taxes, insurance, and maintenance, including the roof, structure, and parking lot. The lease, with a corporate guarantee from Driven Systems, LLC (parent company of Take 5 Oil Change, Driven Brands, Inc.), has a remaining term of 5.2 years with four, 5-year options, extending to January 31, 2030. The current annual net operating income (NOI) is $64,900, representing a 6.80% cap rate on the asking price of $954,000. The property enjoys exceptional visibility, situated across from Ochsner Medical Center and near Louisiana State University, benefiting from a high volume of traffic and a strong demographic profile. The surrounding area includes numerous national tenants such as Walmart Supercenter, AMC Theatres, Aldi, Walgreens, McDonald's, Regions Bank, Murphy USA, and Starbucks, further enhancing the property's value and appeal. The average household income within a 3-mile radius is $102,015, indicating a strong and affluent market. Take 5 Oil Change, with over 800 locations across the US and Canada, provides a stable and established tenant base. Baton Rouge's projected 6.11% household increase by 2029 further strengthens the long-term investment potential of this property. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge Parish
- State
- Louisiana
- Longitude
- -91.0079
- Latitude
- 30.4381
