For Sale
$1,976,000

19511 Plank RdZachary, LA 70791

High-yield auto shop, 8.4 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple investment opportunity presents a 21,000 square foot auto shop in Zachary, LA (Baton Rouge MSA), currently 100% occupied by Joe Hudson's Collision Center under a Net Net (NN) lease with a corporate guarantee. The lease, commencing March 17, 2023, and expiring March 31, 2033, includes four 5-year renewal options. The property boasts a strong 8% cap rate and a Net Operating Income (NOI) of $158,100, with annual rent increases of 2% throughout the initial term and option periods. Situated on a 2.25-acre lot with 46 parking spaces, the property features excellent visibility at a signalized intersection averaging over 32,900 vehicles daily. The building, constructed in 1987, is zoned I-Industrial and benefits from its location in a dense retail corridor near major thoroughfares and national retailers such as Walmart, Home Depot, and TJ Maxx. The 5-mile trade area has a population exceeding 33,200, with an average household income of $96,057. The asking price is $1,976,000 ($94.10/sq ft). This property offers a low-management, passive investment opportunity with significant upside potential due to the built-in rent escalations and strong tenant history. The APN is 3037037.

Highlights

  • 9 Years Remaining on Lease Term with Annual Rent Increases.
  • High-Traffic Location: Signalized, hard-corner intersection with 32,900 vehicles per day (VPD), situated in a dense retail corridor within the Baton Rouge MSA, offering excellent visibility.
  • Strong Tenant Synergy Drives Increased Customer Traffic and Cross-Shopping.

Property Details for 19511 Plank Rd

Property type
Retail properties, Auto shops
Square Feet
21,000 SF
Year Built
1987
Lot Size (sq. ft)
98,010 SF

Location Insight

City
Zachary
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.6397025
Longitude
-91.1089849
19511 Plank Rd, Zachary, Louisiana

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19511 Plank Rd
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