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29852509
29852510

717 Ave G, Kentwood, LA 70444

BF
LA LA 0995690959
CBRE New Orleans
BP
GA 349355
CBRE - Atlanta
TC
GA 374849
CBRE Atlanta
CB
GA GA 248342
CBRE - Atlanta
Listed by CBRE New Orleans, CBRE - Atlanta, CBRE Atlanta
$1,015,600
109 days on market
Updated 109 days ago

NAPA Auto Parts: Kentwood, LA

Details
Property Type Retail
Sub Type Storefront, Automotive
Square Footage 10,156
Net Rentable (SqFt) 10,156
Units 1
Cap Rate 7.5%
NOI $76,170
Occupancy 100%
Tenancy Single
Brand/Tenant NAPA Auto Parts
Lease Type NN
Lease Expiration 03/31/2030
Remaining Term 3.8
Rent Bumps Yes
Lease Options Two, 5-Year Options
Price per SqFt $100
Year Built 1976
Year Renovated 2020
Buildings 1
Stories 1
Investment Type Net Lease
Ground Lease No

Retail | 7.50% CAP | 10,156 SqFt

Marketing description

Approximately 52 miles northeast of Baton Rouge and 73 miles northwest of New Orleans near the Louisiana and Mississippi border , NAPA is situated with excellent access and visibility along Avenue G (8,877 VPD), just feet from on/off access to Interstate 55 (23,409 VPD). 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 immediately adjacent to Pizza Shack and Southeast Regional Medical Center, with Sullivan’s Grocery immediately across Avenue G. Other tenants in the vicinity include Sonic Drive-In, Popeye’s Louisiana Kitchen, McDonald’s, Shell, Kentwood Family Pharmacy, Hancock Whitney Bank, Kentwood Travel Center, Southeast Community Health, Fresnius Kidney Care, Dollar General and Circle K, among others. Other nearby traffic drivers include Kentwood High School (313 students) and OW Dillon Elementary School (342 students)

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

Approximately 52 miles northeast of Baton Rouge and 73 miles northwest of New Orleans near the Louisiana and Mississippi border , NAPA is situated with excellent access and visibility along Avenue G (8,877 VPD), just feet from on/off access to Interstate 55 (23,409 VPD).

Strategic Location

NAPA is immediately adjacent to Pizza Shack and Southeast Regional Medical Center, with Sullivan’s Grocery immediately across Avenue G. Other tenants in the vicinity include Sonic Drive-In, Popeye’s Louisiana Kitchen, McDonald’s, Shell, Kentwood Family Pharmacy, Hancock Whitney Bank, Kentwood Travel Center, Southeast Community Health, Fresnius Kidney Care, Dollar General and Circle K, among others. Other nearby traffic drivers include Kentwood High School (313 students) and OW Dillon Elementary School (342 students).

Listing Contacts

BF
LA LA 0995690959
CBRE New Orleans
BP
GA 349355
CBRE - Atlanta
TC
GA 374849
CBRE Atlanta
CB
GA GA 248342
CBRE - Atlanta
Listed by CBRE New Orleans, CBRE - Atlanta, CBRE Atlanta

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,170.00
$6,347.50/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Bryce French
License
LA 0995690959
Brokerage
CBRE, Inc.
Brokerage Phone
5044272090
Title
Senior Vice President
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