1333 Main StVille Platte, LA 70586

Property Details for 1333 Main St

Property type

Retail properties

Property subtype

Retail space

APN

1110019975

APU

1110019975

Description

This fee simple retail property in Ville Platte, Louisiana, offers a compelling investment opportunity. The 3,077 square foot building houses a Jiffy Lube, a subsidiary of Shell Oil Company (S&P A+ rating), operating under a NNN lease with approximately 1.5 years remaining. The property boasts a strong 11.00% cap rate and a net operating income (NOI) of $46,714. Built in 2005, this auto shop benefits from its strategic location, enjoying high visibility with an estimated 16,000 vehicles passing daily. Its proximity to a Walmart-anchored center with outparcel tenants including Sonic, Murphy USA, and Pizza Hut, further enhances its appeal. The property's location also neighbors a Subway and sits across from a Burger King, surrounded by other national brands such as Shell, McDonald's, Popeyes, and O'Reilly Auto Parts. This rare opportunity presents a low price point for acquiring a Jiffy Lube location, offering a strong tenant and minimal landlord responsibilities. The asking price is $424,672. The property is located at 1333 E Main St, Ville Platte, LA 70586.

Location Insight

City

Ville Platte

County

Evangeline

State

Louisiana

Latitude

30.6832

Longitude

-92.2617

Property Tax & Assessments

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