For Sale
$800,902

809 Keyser AveNatchitoches, LA 71457

Net Lease Investment Opportunity

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 located at 809 Keyser Ave, Natchitoches, LA 71457. The property, built in 1985 and situated on a 0.31-acre lot, boasts a strong 6.00% cap rate and a Net Operating Income (NOI) of $48,054.12. Currently operating under an Absolute NNN lease with the franchisee, the lease commenced on February 27, 1997, and has a remaining term of approximately 2.3 years, followed by one 5-year renewal option with a 12.5% rent increase. The asking price is $800,902, translating to $500.56 per square foot. The property enjoys 100% occupancy and benefits from a high-traffic location within a major retail corridor featuring prominent national brands such as Walmart, Hobby Lobby, Whataburger, Chili's, Burger King, Pizza Hut, and Sonic. Keyser Avenue sees over 21,100 vehicles daily, ensuring excellent visibility for this well-established Jiffy Lube, operated by the second largest Jiffy Lube franchisee team, Car Care LLC, with over 490 locations nationwide. This is a rare chance to acquire a stable, high-performing asset with significant long-term potential. The property is a single-tenant building in excellent condition.

Highlights

  • Absolute NNN lease with over two years remaining.
  • 1 five-year renewal option with a 12.5% rent increase.
  • Tenant is Team Car Care LLC, a major Jiffy Lube franchisee with 490+ locations.
  • Excellent location in a high-traffic retail corridor anchored by national tenants including Walmart, Hobby Lobby, and several fast-food restaurants.
  • High visibility on Keyser Ave, boasting over 21,100 vehicles per day.

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)
13,504 SF

Location Insight

City
Natchitoches
County
Natchitoches Parish
State
Louisiana
Latitude
31.75289636
Longitude
-93.06936419
809 Keyser Ave, Natchitoches, Louisiana

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809 Keyser Ave
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