809 Keyser Ave Natchitoches, LA 71457-6001

Property Details for 809 Keyser Ave

Lot size

0.31 lot acres

Property type

Commercial real estate

APN

11421300

APU

11421300

Description

This exceptional investment opportunity presents a fee-simple ownership of a 1,600 square foot Jiffy Lube located at 809 Keyser Ave, Natchitoches, LA 71457. The property, built in 1985 and situated on a 0.31-acre lot, boasts a strong 6.00% cap rate and a Net Operating Income (NOI) of $48,054.12. Currently operating under an Absolute NNN lease with the franchisee, the lease commenced on February 27, 1997, and has a remaining term of approximately 2.3 years, followed by one 5-year renewal option with a 12.5% rent increase. The asking price is $800,902, translating to $500.56 per square foot. The property enjoys 100% occupancy and benefits from a high-traffic location within a major retail corridor featuring prominent national brands such as Walmart, Hobby Lobby, Whataburger, Chili's, Burger King, Pizza Hut, and Sonic. Keyser Avenue sees over 21,100 vehicles daily, ensuring excellent visibility for this well-established Jiffy Lube, operated by the second largest Jiffy Lube franchisee team, Car Care LLC, with over 490 locations nationwide. This is a rare chance to acquire a stable, high-performing asset with significant long-term potential. The property is a single-tenant building in excellent condition.