Denham Springs, LA - RaceTrac

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN-leased, RaceTrac investment property located in Denham Springs, Louisiana. The tenant, RaceTrac, has over 8 years of initial term remaining with 7 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 7.5% rental increase at the beginning of the first option, an 8.5% rental increase at the beginning of the second option, and 10% rental increases at the beginning of the remaining option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with no landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

The RaceTrac is strategically located within Juban Crossing, a $350 million, 471-acre mixed-use development at Interstate 12 and Juban Road in Livingston Parish. Encompassing more than 1.2 million square feet, Juban Crossing is a major regional shopping, dining and entertainment destination featuring Belk, Academy Sports + Outdoors, T.J. Maxx, Ross Dress for Less, Rouses Markets, Barnes & Noble, PetSmart, Old Navy, Ulta Beauty and Five Below. The master-planned development integrates retail, dining, entertainment and residential uses, with plans for additional commercial, residential and hospitality development. The property benefits from immediate access to Juban Road (18,700 VPD) and proximity to Interstate 12 (110,900 VPD), providing excellent regional connectivity. The surrounding area includes more than 500 multifamily units near Juban Crossing. The 5-mile trade area features more than 71,800 residents and 19,500 employees with an average household income of approximately $97,200.

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