Lafayette, LA - Take 5 Oil Change

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 Oil Change investment property located in Lafayette, Louisiana. The tenant, Take 5 Oil Change has over 5 years of initial term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 14% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The Take 5 is a strong-performing location and is ranked in the 83rd percentile nationwide for annual visits per Placer.ai.

The Take 5 is located at the signalized, hard-corner intersection of Ambassador Caffery Pkwy and Curran Ln which combine to average 36,700 vehicles passing by daily. Ambassador Caffery Pkwy is a major retail thoroughfare serving the city of Lafayette. The asset is located across from a Walmart Supercenter that ranks in the 94th percentile nationwide for annual visits with over 3.2 million visits and has outparcel tenants including Starbucks, Wendy’s, Murphy USA, and GameStop. In addition, Take 5 is located in close proximity to Lafayette Village, which features national/credit tenants such as Hobby Lobby, Ollie’s, Burlington, PetSmart, T.J. Maxx, Texas Roadhouse, Applebee’s, and many others. The property is in the center of a primary retail corridor with other nearby national/credit tenants including The Home Depot, Lowe’s, Sam’s Club, Planet Fitness, Boot Barn, Dutch Bros, Olive Garden, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 128,700 residents and 114,700 employees with an average household income of $93,211.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002eT6zYAE