- For Sale $900,000
- Property Type Retail - Freestanding
- Property Size 2,230 SF
- Units 1
- Lot Size 0.17 Acre
- Property Tenancy Single Tenant
- Year Built 1980
- Date Updated Apr 4, 2024
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- Jiffy Lube With 5.5+ Years Remaining on Primary Term
- Absolute NNN With Zero Landlord Responsibilities
- Attractive 12.5% Rental Increase to Occur in March of 2025
- Tenants Have the Option to Exercise 2 (Two) 5-Year Options, Both Including 12.5% Rental Increases on Each Option Period
- Strong 5-Mile Demographics With 77,000+ Residents
- Tenant has Recently Made Improvements to the lot, Showing a Long-Term Commitment to the Site
- Situated Less Than 1 Mile From The University of Louisiana Monroe, Which Boasts a Population of Over 8,000 Students
- Operated by Team Car Care, the Largest Jiffy Lube Franchisee With Operations of Over 550+ Units
- Monroe is the Principal City of the Monroe Metropolitan Statistical Area, the Second-Largest Metropolitan Area in North Louisiana
False
Contacts
Location
Getting Around
-
Walk Score ®
64/100
Somewhat Walkable
-
Bike Score ®
48/100
Somewhat Bikeable
- City Monroe, LA
- Zip Code 71201
Points of Interest
-
Daily Press
1.12 miles
-
Brookshire's Gas
2.32 miles
-
Chevron
2.90 miles
-
Tesla Supercharger
3.00 miles
-
RaceWay
4.84 miles
-
Brookshire's Gas
4.85 miles
-
Shell
6.71 miles
-
ULM Commuter Student Parking Garage
0.55 miles
-
Subway Restaurant
0.84 miles
-
Pizza Hut
0.96 miles
-
Raising Cane's
1.10 miles
-
Whataburger
1.23 miles
-
Catfish Charlie's
1.31 miles
-
Newk's Eatery
1.37 miles
-
Pie Works restaurant
1.43 miles
-
Portico
1.49 miles
-
Piccadilly Cafeteria
1.51 miles
-
Melvyn's
1.53 miles
-
Geneva's Plaza
0.76 miles
-
Walmart Neighborhood Market
0.97 miles
-
Super 1 Foods
1.10 miles
-
Walmart Supercenter
1.20 miles
-
Walmart Neighborhood Market
2.01 miles
-
Brookshire's
2.18 miles
-
Brookshire's
2.34 miles
-
Brookshire's
2.43 miles
-
Kohl's
2.52 miles
-
Dillard's
2.70 miles
Frequently Asked Questions
What is the lease rate for Jiffy Lube?
Rental asking rate at Jiffy Lube is $450,000.00/YR.
What is the total square footage of Jiffy Lube?
Jiffy Lube totals 2,230 square feet.
When was this property built?
Jiffy Lube was built in 1980.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
Contact Listing Broker
