NAPA Auto Parts: Raceland, LA
Retail | 7.65% CAP | 7,231 SqFt
Marketing description
Situated approximately 34 miles southwest of New Orleans and 58 miles southeast of Baton Rouge, NAPA is located along LA-1 (VPD)—a vital coastal highway in Louisiana, stretching from the Gulf of Mexico to near Alexandria, crucial for transportation and industry. NAPA’s net lease features ±4.1 years of term remaining with ±2% annual rent increases starting in 2027 and continuing throughout the two, 5-year renewal options. NAPA is located directly across LA-1 from New Orleans Style Po Boys, with other businesses including Capital One Bank, Dollar General, Tasty Cream Donuts, Rite Shop, LA 1EZ Stop, Outpatient Medical Services in the immediate vicinity.
Investment highlights
Net Lease with Annual Increases
NAPA’s net lease features ±4.1 years of term remaining with ±2% annual rent increases starting in 2027 and continuing throughout the two, 5-year renewal options.
Excellent Access & Visibility
Situated approximately 34 miles southwest of New Orleans and 58 miles southeast of Baton Rouge, NAPA is located along LA-1 (VPD)—a vital coastal highway in Louisiana, stretching from the Gulf of Mexico to near Alexandria, crucial for transportation and industry.
Strategic Location
NAPA is located directly across LA-1 from New Orleans Style Po Boys, with other businesses including Capital One Bank, Dollar General, Tasty Cream Donuts, Rite Shop, LA 1EZ Stop, Outpatient Medical Services in the immediate vicinity.
Proximate to Raceland’s Primary Retail & Commercial Corridor
The site is approximately four miles northwest of Raceland’s primary retail & commercial corridor, which is home to several major tenants, including Walmart Supercenter, Holiday Inn Express (rooms), Waffle House, Popeye’s Louisiana Kitchen, AT&T, Tractor Supply Company, Sonic Drive-In, Burger King and Domino’s Pizza, among others. Additional traffic drivers in the vicinity include Louisiana’s Cajun Bayou Visitor Center, Central LaFourche High School (enrollment: 1,329) and Ochsner St. Anne Hospital (35 beds).
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