- 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
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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
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Contacts
Gunnar Edlund
Trinity Real Estate Investment Services
(651) 788-1133
Location
Getting Around
-
Walk Score ®
Somewhat Walkable (64) -
Bike Score ®
Somewhat Bikeable (48)
- City Monroe, LA
- Zip Code 71201
Points of Interest
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Daily Press
1.12 miles
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Brookshire's Gas
2.32 miles
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Chevron
2.90 miles
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Tesla Supercharger
3.00 miles
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RaceWay
4.84 miles
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Brookshire's Gas
4.85 miles
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Shell
6.71 miles
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ULM Commuter Student Parking Garage
0.55 miles
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Subway Restaurant
0.84 miles
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Pizza Hut
0.96 miles
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Raising Cane's
1.10 miles
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Whataburger
1.23 miles
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Catfish Charlie's
1.31 miles
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Newk's Eatery
1.37 miles
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Pie Works restaurant
1.43 miles
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Portico
1.49 miles
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Piccadilly Cafeteria
1.51 miles
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Melvyn's
1.53 miles
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Geneva's Plaza
0.76 miles
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Walmart Neighborhood Market
0.97 miles
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Super 1 Foods
1.10 miles
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Walmart Supercenter
1.20 miles
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Walmart Neighborhood Market
2.01 miles
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Brookshire's
2.18 miles
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Brookshire's
2.34 miles
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Brookshire's
2.43 miles
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Kohl's
2.52 miles
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Dillard's
2.70 miles
Contact Listing Broker
Gunnar Edlund
Trinity Real Estate Investment Services
(651) 788-1133