For Sale
$1,320,000

58010 Main StPlaquemine, LA 70764

High-Yield Anytime Fitness Leasehold

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 7,838 square foot Anytime Fitness storefront in Plaquemine, Louisiana, situated on a 0.24-acre lot at 58010 Main St, 70764. The property boasts a strong 8.00% cap rate, generating a net operating income (NOI) of $105,600. The absolute net lease (NNN) features a 13-year remaining term (with two 5-year renewal options) commencing July 1, 2022, and expiring September 30, 2037. Rent escalates 10% every five years, providing significant long-term growth potential. The tenant is responsible for all property taxes, insurance, common area maintenance (CAM), and building upkeep. This location benefits from its proximity to numerous national retailers, including Walmart Supercenter, Dollar Tree, Walgreens, McDonald's, Sonic, and Sherwin-Williams, ensuring high visibility and foot traffic. The building was constructed in 1955. This is a passive investment with substantial upside potential, offering a secure and lucrative return for the discerning investor. The property is strategically located in a high-traffic area, benefiting from strong demographics and a thriving retail environment. This is a rare opportunity to acquire a well-established, high-performing retail property with a long-term lease in place.

Highlights

  • 7,838 SF Anytime Fitness storefront on a 0.24-acre lot in Plaquemine, LA.
  • 13-year absolute net lease with two 5-year options; expires September 30, 2037.
  • 10% rent escalations every five years.
  • Tenant responsible for all property taxes, insurance, CAM, and building maintenance.

Property Details for 58010 Main St

Property type
Retail properties, Retail space
Square Feet
7,838 SF
Year Built
1955
Lot Size (sq. ft)
10,454 SF

Location Insight

City
Plaquemine
County
Iberville Parish
State
Louisiana
Latitude
30.2910182
Longitude
-91.2373723
58010 Main St, Plaquemine, Louisiana

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58010 Main St
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