Listed by Beau Box Commercial Real Estate
$1,350,000
4454 Highland Road
Details
APN 008-2664-2
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 1,719
Pumps 4
Cap Rate 6.22%
NOI $84,000
Lease Type Absolute NNN
Rent Bumps Yes
Price per SqFt $873
Buildings 1
Stories 1
Acreage 0.444
Zoning C-1
Investment Type Net Lease
Ground Lease No
4454 Highland Road//NNN Leased C-Store/Gas Station | 1,719 SF
Marketing description
NNN Leased C-Store/Gas Station located at the South Gates of LSU. Positioned off of Highland Road at the LSU Ave intersection which is Less than 2 miles from I-10 and 1 mile from Tiger Stadium. Traffic counts exceeding over 12K VPD. 1,700 +/- SF building with 2,000 +/- SF canopy covering 4 fuel pumps on approximately 0.5 acres.
Absolute NNN Lease with zero Landlord responsibility extended for a 10 year term starting August 1, 2023 which will expire August 1, 2033. Tenant pays $7,000/month base rent for years 1-5, annual escalations based upon the Consumer Price Index to begin on year 6(Not to be less that 3% or more than 6%).
Fuel pumps, pump lines, and underground storage tanks (UST's) shall not be included in the sale.
Listing Contacts
Listed by Beau Box Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,000.00
$7,000.00/mo
Valuation Metrics
0
DSCR
6.22%
Cap Rate
6.22%
ROI
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