712 Fair AveWinnsboro, LA 71295

Property Details for 712 Fair Ave

Lot size

2.00 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

0710783600E

APU

0710783600E

Description

This exceptional commercial property at 712 FAIR AVENUE, Winnsboro, LA, presents a compelling investment opportunity. The 3,915-square-foot building is currently leased to a national tenant under a triple-net lease (NNN), generating a monthly income exceeding $9,000 with annual rent escalation. This ensures a stable and growing revenue stream for the investor. The property's versatile space is suitable for a variety of businesses. A welcoming lobby and a private bathroom cater to both staff and clients. Ample parking is provided, enhancing accessibility and convenience. The building's location in Winnsboro, LA, offers excellent visibility and accessibility for customers. This NNN investment property is an attractive option for investors seeking a secure, high-yield return. The current tenant's long-term lease provides stability and predictability, minimizing vacancy risk. The annual rent escalation clause further protects the investor's return against inflation. The property's features, combined with its strong tenant and favorable lease terms, make it an ideal investment for both experienced and new investors. The property is situated on a lot with no acreage specified. This turnkey investment requires minimal management, making it an attractive option for passive income seekers. The property's size and layout offer flexibility for future expansion or adaptation to changing business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $17,161,736

  6.5%

  $15,841,603

  7%

  $14,710,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,300,666

  Geo Method

  $9,659,125

• Alternative Use

  Use

  Valuation

  Residential

  $15,841,603

  Hospitality

  $14,510,823

  Educational

  $12,072,835

  Medical

  $12,488,038

  Retail

  $18,779,966

Location Insight

City

Winnsboro

County

Franklin

State

Louisiana

Latitude

32.17

Longitude

-91.7233

Property Tax & Assessments

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