For Sale
$424,672

1333 Main StVille Platte, LA 70586

Fee Simple NNN Lease; High Cap Rate

Overview

Added:
Jan 24
Days on market:
70
This fee simple retail property in Ville Platte, Louisiana, offers a compelling investment opportunity. The 3,077 square foot building houses a Jiffy Lube, a subsidiary of Shell Oil Company (S&P A+ rating), operating under a NNN lease with approximately 1.5 years remaining. The property boasts a strong 11.00% cap rate and a net operating income (NOI) of $46,714. Built in 2005, this auto shop benefits from its strategic location, enjoying high visibility with an estimated 16,000 vehicles passing daily. Its proximity to a Walmart-anchored center with outparcel tenants including Sonic, Murphy USA, and Pizza Hut, further enhances its appeal. The property's location also neighbors a Subway and sits across from a Burger King, surrounded by other national brands such as Shell, McDonald's, Popeyes, and O'Reilly Auto Parts. This rare opportunity presents a low price point for acquiring a Jiffy Lube location, offering a strong tenant and minimal landlord responsibilities. The asking price is $424,672. The property is located at 1333 E Main St, Ville Platte, LA 70586.

Highlights

  • Fee simple ownership of a Jiffy Lube (Shell Oil subsidiary, S&P A+ rating) auto shop in Ville Platte, LA.
  • NNN lease with 1.5 years remaining.
  • 3,077 square feet, $424,672 asking price, 11% cap rate, $46,714 NOI.
  • High visibility location with approximately 16,000 vehicles per day (VPD) passing by.
  • Located near Walmart, Sonic, Murphy USA, Pizza Hut, Subway, Burger King, Shell, McDonald's, Popeyes, and O'Reilly Auto Parts.
  • Rare low-priced Jiffy Lube investment opportunity.

Property Details for 1333 Main St

Property type
Retail properties, Auto shops
Square Feet
3,077 SF
Year Built
2005

Location Insight

City
Ville Platte
County
Evangeline Parish
State
Louisiana
Latitude
30.6827698
Longitude
-92.2602745
1333 Main St, Ville Platte, Louisiana

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1333 Main St
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