Zachary, LA - Joe Hudson's Collision Center

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Joe Hudson’s Collision Center investment property located in Zachary, Louisiana. The tenant, JHCC Holdings LLC has approximately 9 years remaining on a 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Joe Hudson’s Collision Center operates over 200 locations across 16 states.

The Joe Hudson’s Collision Center is located near the signalized, hard corner intersection of Plank Rd and State Highway 64, combining to average over 32,900 vehicles passing by daily. St Hwy 64 is a major retail thoroughfare serving the city of Zachary. Additionally, the asset is close to other major thoroughfares including State Highway 19 (18,000 VPD). The property is located 2 miles southeast of downtown Zachary, with tenants including Walmart, Home Depot, TJ Maxx, Winn Dixie, and more. Joe Hudson’s Collision Center is located in the Baton Rouge MSA (219,000 population). The property is in the center of a primary retail corridor with other nearby national/credit tenants including McDonald’s, Raising Cane’s, Take 5 Oil Change, and several hotels and schools. The 5-mile trade area is supported by a population of over 33,200 with an average household income of $96,057.