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30957631
30957632

3839 Alexandria Mall Dr, Alexandria, LA 71301

VK
TX 0579633
Marcus & Millichap - Dallas
JS
TX TX 767420
Marcus & Millichap - Dallas
SG
SC 64220
Berkshire Hathaway/C.Dan Joyner Commercial
Listed by Marcus & Millichap - Dallas, Berkshire Hathaway/C.Dan Joyner Commercial
$1,306,000
84 days on market
Updated 66 days ago

Jiffy Lube & Precision Tune Portfolio

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 5,213
Net Rentable (SqFt) 5,213
Units 2
Cap Rate 7.5%
NOI $97,887
Occupancy 100%
Tenancy Multi
Brand/Tenant Jiffy Lube & Precision Tune
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 09/29/2034
Remaining Term 8.3
Rent Bumps Yes
Lease Options One, 5-Year Remaining
Price per SqFt $251
Broker Co-Op Yes
Year Built 1990/1992
Acreage 0.680
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/27/1997
Ground Lease No

29-Year Operating History With One, Five-Year Option (Jiffy Lube)

Marketing description

Offered for sale is a two-property Auto Parts Portfolio, featuring Jiffy Lube and Precision Auto Care, which must be purchased together. These assets, located adjacent to one another, are offered as a portfolio only and provide investors with immediate scale in a proven retail corridor in Alexandria, Louisiana. The properties benefit from excellent visibility along Jefferson Highway (27,965 VPD) with convenient access to the feeder road. The site sits directly across from Alexandria Mall (825,000 SF of retail), positioning the portfolio in the city’s dominant retail hub. The area is anchored by high-traffic national retailers including Albertsons, Target, Lowe’s, Walmart Supercenter, Sam’s Club, and Planet Fitness. Hospitality demand is supported by numerous nearby hotels, including a new Hampton by Hilton currently under construction. Together, the assets total 0.68 acres, with both leases structured at below-market rental rates and only one renewal option remaining — creating near-term upside for investors. Alexandria serves as the economic, medical, and retail hub of Central Louisiana. The city benefits from its strategic location along U.S. Highway 71 and Interstate 49, providing regional connectivity between Shreveport, Baton Rouge, and New Orleans.

Investment highlights

  • Corporate Store – Absolute Net Lease With 8.5 Years Remaining (Jiffy Lube)

  • 29-Year Operating History With One, Five-Year Option (Jiffy Lube)

  • Nationally Recognized Automotive Service Leader (Jiffy Lube)

  • Absolute Net Lease With 1.7 Years Remaining (Precision Tune)

  • 27-Year Operating History With One, Five-Year Option (Precision Tune)

  • Top Performing Location in Louisiana by Annual Visits (Precision Tune)

  • Established Automotive Repair Brand Under Icahn Automotive (Precision Tune)

Listing Contacts

VK
TX 0579633
Marcus & Millichap - Dallas
JS
TX TX 767420
Marcus & Millichap - Dallas
SG
SC 64220
Berkshire Hathaway/C.Dan Joyner Commercial
Listed by Marcus & Millichap - Dallas, Berkshire Hathaway/C.Dan Joyner Commercial

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,887.00
$8,157.25/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Steve Greer
License
LA BROK.995710346-ACT
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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