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29852922
29852923

628 S Columbia St, Bogalusa, LA 70427

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
$556,800
145 days on market
Updated 22 days ago

NAPA Auto Parts: Bogalusa, LA

Details
Property Type Retail
Sub Type Storefront, Automotive
Square Footage 5,760
Net Rentable (SqFt) 5,760
Units 1
Cap Rate 7.5%
NOI $41,760
Occupancy 100%
Tenancy Single
Brand/Tenant NAPA Auto Parts
Lease Type NN
Lease Expiration 03/31/2030
Remaining Term 3.7
Rent Bumps Yes
Lease Options Two, 5-Year Options
Price per SqFt $97
Year Built 1955
Buildings 1
Stories 1
Acreage 0.680
Investment Type Net Lease

Retail | 7.50% CAP | 5,760 SqFt

Marketing description

Situated approximately 59 miles northeast of New Orleans, NAPA is located along South Columbia Street (7,155 VPD), approximately 1,000 feet from LA-21/Sullivan Drive (9,302 VPD), which provides convenient north-south connectivity, linking Bogalusa and extending south to New Orleans. 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 Bogalusa Title Bureau and Bogalusa Rehabilitation Hospital. Other proximate traffic drivers include Central Elementary School (enrollment: 300), International Paper, Planet Wingz, Gabby Cakes, NaBogue’s, Zellco Federal Credit Union and L&T Seafood, among others.

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 59 miles northeast of New Orleans, NAPA is located along South Columbia Street (7,155 VPD), approximately 1,000 feet from LA-21/Sullivan Drive (9,302 VPD), which provides convenient north-south connectivity, linking Bogalusa and extending south to New Orleans.

Strategic Location

NAPA is immediately adjacent to Bogalusa Title Bureau and Bogalusa Rehabilitation Hospital. Other proximate traffic drivers include Central Elementary School (enrollment: 300), International Paper, Planet Wingz, Gabby Cakes, NaBogue’s, Zellco Federal Credit Union and L&T Seafood, among others.

Primary Retail & Commercial Corridor

The site benefits from its location within Bogalusa’s primary retail and commercial corridor, with 1.4 MSF of retail and 1.0 MSF of industrial within a 3-mile radius of the site. Major tenants within the vicinity include Walmart Supercenter, McDonald’s, Sonic Drive-In, Tractor Supply Company, Burger King, Popeye’s Louisiana Kitchen, Pizza Hut, Hardee’s, Domino’s Pizza, CVS, Dollar General and Citi Trends.

Proximate to Traffic Drivers

NAPA is within three miles of several traffic drivers, including Bogalusa Country Club (<1 mile north), Our Lady of the Angels Hospital (48 beds, 1.05 miles northwest) and Bogalusa Airport (2.30 miles north), to name a few.

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
$41,760.00
$3,480.00/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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