For Sale
$800,902

809 Keyser AveNatchitoches, LA 71457

Louisiana Retail Property, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fee-simple ownership of a 1,600 square foot Jiffy Lube storefront, located in two prime Louisiana locations: 809 Keyser Ave, Natchitoches (Natchitoches Parish, LA 71457) and 205 Edgewood Dr, Pineville (Rapides Parish, LA 71360). The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $48,054. Currently operating under an absolute NNN lease with the second largest Jiffy Lube franchisee, this single-tenant property offers significant stability. The lease, originally commencing February 27, 1997, has a remaining term of approximately 2.3 years, with one 5-year renewal option remaining, including a 12.5% rent increase. Built in 1985/1982, the property sits on a lot ranging from 0.26 to 0.31 acres and enjoys excellent visibility, situated within major retail corridors alongside prominent national brands such as Walmart, Hobby Lobby, Whataburger, Chili's, Burger King, Pizza Hut, Sonic, CVS Pharmacy, Walgreens, Dollar General, McDonald's, Chase Bank, Circle K, O'Reilly's, and Advance Auto Parts. The Natchitoches location benefits from high traffic volume exceeding 21,100 vehicles daily on Keyser Ave. Both locations are near substantial apartment complexes, providing a large potential customer base. The asking price is $800,902, translating to a price per square foot of $500.56. This is a rare opportunity to acquire a well-established, high-performing retail investment property with a proven track record and significant upside potential.

Highlights

  • $800,902 asking price for a 1,600 SF retail property.
  • Absolute NNN lease with a Jiffy Lube franchisee tenant.
  • 6.00% cap rate with a $48,054 NOI.
  • 2.3 years remaining on the lease, with one 5-year renewal option at a 12.5% rent increase.
  • Located in Natchitoches, LA, on Keyser Ave, a high-traffic area.
  • Property is situated near other major retailers.

Property Details for 809 Keyser Ave

Property type
Retail properties, Retail space
Square Feet
1,600 SF
Year Built
1985
Buildings
1
Lot Size (sq. ft)
11,326 SF

Location Insight

City
Natchitoches
County
Natchitoches Parish
State
Louisiana
Latitude
31.7525278
Longitude
-93.0692802
809 Keyser Ave, Natchitoches, Louisiana

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809 Keyser Ave
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