58010 Main St Plaquemine, LA 70764-2514
- Commercial real estate
Dec 10, 2021
Current Use by Public Records
- Gauthreaux Builders / Construction Company / General Contractor
- Anytime Fitness / Gym & Fitness Center
Property Details for 58010 Main St
- Property type
- Commercial real estate
- APN
- 300499600
- APU
- 300499600
Description
This exceptional investment opportunity presents a 7,838 square foot Anytime Fitness storefront in Plaquemine, Louisiana, situated on a 0.24-acre lot at 58010 Main St, 70764. The property boasts a strong 8.00% cap rate, generating a net operating income (NOI) of $105,600. The absolute net lease (NNN) features a 13-year remaining term (with two 5-year renewal options) commencing July 1, 2022, and expiring September 30, 2037. Rent escalates 10% every five years, providing significant long-term growth potential. The tenant is responsible for all property taxes, insurance, common area maintenance (CAM), and building upkeep. This location benefits from its proximity to numerous national retailers, including Walmart Supercenter, Dollar Tree, Walgreens, McDonald's, Sonic, and Sherwin-Williams, ensuring high visibility and foot traffic. The building was constructed in 1955. This is a passive investment with substantial upside potential, offering a secure and lucrative return for the discerning investor. The property is strategically located in a high-traffic area, benefiting from strong demographics and a thriving retail environment. This is a rare opportunity to acquire a well-established, high-performing retail property with a long-term lease in place.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Plaquemine
- County
- Iberville
- State
- Louisiana
- Longitude
- -91.2374
- Latitude
- 30.291
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
