19511 Plank Rd Zachary, LA 70791-8223
- Investment properties
Current Use by Public Records
- Joe Hudson's Collision Center / Auto Body Shop / Auto Dent Removal Service
Property Details for 19511 Plank Rd
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 3037037
- APU
- 3037037
Description
This fee-simple investment opportunity presents a 21,000 square foot auto shop in Zachary, LA (Baton Rouge MSA), currently 100% occupied by Joe Hudson's Collision Center under a Net Net (NN) lease with a corporate guarantee. The lease, commencing March 17, 2023, and expiring March 31, 2033, includes four 5-year renewal options. The property boasts a strong 8% cap rate and a Net Operating Income (NOI) of $158,100, with annual rent increases of 2% throughout the initial term and option periods. Situated on a 2.25-acre lot with 46 parking spaces, the property features excellent visibility at a signalized intersection averaging over 32,900 vehicles daily. The building, constructed in 1987, is zoned I-Industrial and benefits from its location in a dense retail corridor near major thoroughfares and national retailers such as Walmart, Home Depot, and TJ Maxx. The 5-mile trade area has a population exceeding 33,200, with an average household income of $96,057. The asking price is $1,976,000 ($94.10/sq ft). This property offers a low-management, passive investment opportunity with significant upside potential due to the built-in rent escalations and strong tenant history. The APN is 3037037.
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
- Zachary
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.1092
- Latitude
- 30.6398
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
