3620 Monroe Hwy Hwy, Pineville, LA 71360
1,421 SF | Retail Building | Pineville, LA 71360 | $1,153,846 ($812/SF) | 6.50% Cap Rate
For Sale
Active
Asking Price $1,153,846
- Property Type
-
Retail
- Square Feet
- 1,421 SF
- Price / Square Foot
- $812
Listing Contacts
Barry Silver
- Property Info
Property Overview
Now priced at $1,153,846.
This offering is for the ownership of the land under a new, corporate Take 5 Oil Change located in Pineville, Louisiana. Pineville is located across the Red River from Alexandria, the state’s ninth largest city. Our lease is corporately guaranteed by Driven Systems, LLC who is the parent company of Take 5 Oil as well as a number of other related businesses. The tenant has constructed all improvements at their expense and retains ownership during their tenancy. At the expiration of the lease, or in the event of a default, all improvements will revert to the landowner at no additional expense. Take 5 Oil Change is located between a Walmart Supercenter, Walgreens Drugstore and Lowe’s Home Improvement. Additional nearby traffic generators include AutoZone, Burger King, Circle K, Evangeline Bank, Fast Pace Urgent Care, Firestone Tires, Jiffy Lube, Goodwill, McDonald’s, Murphy USA, Outlaw’s BBQ, PetSense, Pizza Hut, Popeye’s, Region’s Bank, Smoothie King, Daiquiris To Go, Sonic Drive In, Taco Bell and Whataburger. Louisiana Christian University, Camp Beauregard (U.S. National Guard) and a Proctor and Gamble industrial facility are all nearby. Take 5 operates more than 850 locations in the United States and Canada offering customers oil change and service for auto fluids, air filters and wiper blades. This is an opportunity to own a long term, management free investment property with a fifteen year, absolute net lease guaranteed by one of the largest automotive service brands.
This offering is for the ownership of the land under a new, corporate Take 5 Oil Change located in Pineville, Louisiana. Pineville is located across the Red River from Alexandria, the state’s ninth largest city. Our lease is corporately guaranteed by Driven Systems, LLC who is the parent company of Take 5 Oil as well as a number of other related businesses. The tenant has constructed all improvements at their expense and retains ownership during their tenancy. At the expiration of the lease, or in the event of a default, all improvements will revert to the landowner at no additional expense. Take 5 Oil Change is located between a Walmart Supercenter, Walgreens Drugstore and Lowe’s Home Improvement. Additional nearby traffic generators include AutoZone, Burger King, Circle K, Evangeline Bank, Fast Pace Urgent Care, Firestone Tires, Jiffy Lube, Goodwill, McDonald’s, Murphy USA, Outlaw’s BBQ, PetSense, Pizza Hut, Popeye’s, Region’s Bank, Smoothie King, Daiquiris To Go, Sonic Drive In, Taco Bell and Whataburger. Louisiana Christian University, Camp Beauregard (U.S. National Guard) and a Proctor and Gamble industrial facility are all nearby. Take 5 operates more than 850 locations in the United States and Canada offering customers oil change and service for auto fluids, air filters and wiper blades. This is an opportunity to own a long term, management free investment property with a fifteen year, absolute net lease guaranteed by one of the largest automotive service brands.
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Vehicle Related, Freestanding
- Lot Size (sq. ft)
- 21,780 SF
Highlights
- NEW CORPORATE TAKE 5 GROUND LEASE
- FIFTEEN YEAR, ABSOLUTE NET LEASE
- 10% RENT INCREASE EVERY 5 YEARS
- BUSY RETAIL HUB WITH WALMART & LOWE'S AND OTHER MAJOR RETAILERS
- CORPORATE LEASE GUARANTY: DRIVEN SYSTEMS, LLC
- ASKING ONLY $1,153,846. 6.5% INITIAL CAP RATE
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