511 Tunica Dr, Marksville, LA 71351
3,200 SF | Retail Building | Marksville, LA 71351 | $829,600 ($259/SF) | 7.75% Cap Rate
For Sale
Active
Asking Price $829,600
- Property Type
-
Retail
- Square Feet
- 3,200 SF
- Price / Square Foot
- $259
Listing Contacts
- Property Info
Property Overview
*The original lease was for 15 years, with the tenant exercising its option for an additional 5 years.
Net, Net. Landlord is responsible for 50% of roof & structure repairs and replacement.
Bonus Income: The property includes an attached apartment. Landlord currently charges $450 a month for rent and has $800 a year in expenses creating bonus income of $4,600 a year.
Net, Net. Landlord is responsible for 50% of roof & structure repairs and replacement.
Bonus Income: The property includes an attached apartment. Landlord currently charges $450 a month for rent and has $800 a year in expenses creating bonus income of $4,600 a year.
Property Details
- Year Built
- 1994
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 12,632 SF
Highlights
- The tenant on the lease, Team Car Care, is the largest quick lube franchisee in the country with more than 550 Jiffy Lube locations.
- This property is located on the main throughfare of Marksville on Tunica Drive W where traffic counts average 11,478 vehicles per day.
- Nearby retailers include Walmart, Walgreens, Dollar General, Taco Bell, Popeye’s, Harbor Freight, Little Caeser’s, etc.
- 5-mile population of 10,807 and average household income of $54,107.
- Marksville is home to the Paragon Casino and Resort with 2,500+ Slot machines, 500+ Beds, and an 18-Hole Championship Golf Course.
- This property includes an attached apartment creating bonus income.
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