For Sale
$954,000

2112 O'neal Ln Baton Rouge, LA 70816

High-yield NNN lease investment.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a fee-simple ownership of a 1,462 square foot Take 5 Oil Change, located at 2112 O'Neal Ln, Baton Rouge, LA 70816. The property sits on a 0.48-acre lot and boasts a prime location on a main retail corridor with excellent visibility and easy access to I-12. This single-story, 2020-built building benefits from an absolute NNN ground lease, meaning the tenant is responsible for all taxes, insurance, and maintenance, including the roof, structure, and parking lot. The lease, with a corporate guarantee from Driven Systems, LLC (parent company of Take 5 Oil Change, Driven Brands, Inc.), has a remaining term of 5.2 years with four, 5-year options, extending to January 31, 2030. The current annual net operating income (NOI) is $64,900, representing a 6.80% cap rate on the asking price of $954,000. The property enjoys exceptional visibility, situated across from Ochsner Medical Center and near Louisiana State University, benefiting from a high volume of traffic and a strong demographic profile. The surrounding area includes numerous national tenants such as Walmart Supercenter, AMC Theatres, Aldi, Walgreens, McDonald's, Regions Bank, Murphy USA, and Starbucks, further enhancing the property's value and appeal. The average household income within a 3-mile radius is $102,015, indicating a strong and affluent market. Take 5 Oil Change, with over 800 locations across the US and Canada, provides a stable and established tenant base. Baton Rouge's projected 6.11% household increase by 2029 further strengthens the long-term investment potential of this property. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving market.

Highlights

  • High-visibility location on a main retail corridor with I-12 access, near Walmart and numerous national retailers.
  • Absolute NNN ground lease; tenant responsible for all taxes, insurance, and maintenance.
  • Corporate guarantee from Driven Systems, LLC (Take 5's parent company); Driven Brands, Inc. has 4,700 units and over $5.3B in system-wide sales.
  • Across from Ochsner Medical Center, a large medical facility.
  • Near Louisiana State University, with over 37,300 students and 6,500 staff.
  • Established Take 5 Oil Change franchise with over 800 locations nationwide, ensuring investment stability.

Property Details for 2112 O'neal Ln

Property type
Retail properties, Auto shops
Square Feet
1,462 SF
Year Built
2020
Buildings
1
Stories
1
Lot Size (sq. ft)
20,909 SF

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4380815
Longitude
-91.0078604

FAQs

What type of property is this?
Retail property - High-yield NNN lease investment.
Where is the retail property located?
The property is located at 2112 O'neal Ln Baton Rouge, LA.
What is the asking price?
The asking price for this property is $954,000.
What are key features of this property?
This property features: High-visibility location on a main retail corridor with I-12 access, near Walmart and numerous national retailers.; Absolute NNN ground lease; tenant responsible for all taxes, insurance, and maintenance.; Corporate guarantee from Driven Systems, LLC (Take 5's parent company); Driven Brands, Inc. has 4,700 units and over $5.3B in system-wide sales.
How can I contact the broker?
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2112 O'neal Ln
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