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Miscellaneous

Soda Pop Shop

700 Westgate Rd, Lafayette, LA 70506

Listing Price: $750,000

Cap Rate
8.00%
Tenant Name
SPS Westgate LLC
Years Remaining On Lease
9.9
Guarantor
Personal Guarantee
Rentable SF
640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$93.75

Investment Overview

A Soda Pop Shop located at 700 Westgate Road in Lafayette, LA. The site consists of roughly 640 rentable square feet of building space on estimated 0.73-acre parcel of land. This Soda Pop Shop is subject to a 10-year absolute triple-net (NNN) lease, which commenced August 1st, 2023. The current annual rent is $60,000 and is scheduled to increase by 3% annually throughout the base term and in each of the 3, 5-year renewal options.

Investment Highlights

  • Brand New 10-Year Absolute Triple Net (NNN) Lease
  • Three Percent (3.0%) Annual Rental Increases
  • Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years
  • Accelerated & Bonus Depreciation | Properties Qualify for Both 80% Bonus Depreciation & 15 Year Accelerated Depreciation
  • Dense Retail Corridor | Walgreens, CVS, Pizza Hut, Family Dollar, Dollar General, Subway, RaceTrac, McDonald's, Sonic, Burger King, Taco Bell, Wendy's, Waffle House, and Many More
  • Strong Traffic Counts | Over 18,800 Vehicles Daily Along Westgate Rd | Over 46,700 Vehicles Daily Along Ambassador Caffery Pkwy
  • Prime Positioning to Target Markets| Population Exceeds 109,724 Individuals Within a Five-Mile Radius and 239,000 Individuals Within a Ten-Mile Radius
  • Affluent Community | Average Household Income Exceeding $79,300 Within a Five-Mile Radius

Exclusively Listed By

Miscellaneous

Soda Pop Shop

Listing Price: $750,000

Cap Rate
8.00%
Tenant Name
SPS Westgate LLC
Years Remaining On Lease
9.9
Guarantor
Personal Guarantee
Rentable SF
640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$93.75

Investment Highlights

  • Brand New 10-Year Absolute Triple Net (NNN) Lease
  • Three Percent (3.0%) Annual Rental Increases
  • Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years
  • Accelerated & Bonus Depreciation | Properties Qualify for Both 80% Bonus Depreciation & 15 Year Accelerated Depreciation
  • Dense Retail Corridor | Walgreens, CVS, Pizza Hut, Family Dollar, Dollar General, Subway, RaceTrac, McDonald's, Sonic, Burger King, Taco Bell, Wendy's, Waffle House, and Many More
  • Strong Traffic Counts | Over 18,800 Vehicles Daily Along Westgate Rd | Over 46,700 Vehicles Daily Along Ambassador Caffery Pkwy
  • Prime Positioning to Target Markets| Population Exceeds 109,724 Individuals Within a Five-Mile Radius and 239,000 Individuals Within a Ten-Mile Radius
  • Affluent Community | Average Household Income Exceeding $79,300 Within a Five-Mile Radius

Investment Overview

A Soda Pop Shop located at 700 Westgate Road in Lafayette, LA. The site consists of roughly 640 rentable square feet of building space on estimated 0.73-acre parcel of land. This Soda Pop Shop is subject to a 10-year absolute triple-net (NNN) lease, which commenced August 1st, 2023. The current annual rent is $60,000 and is scheduled to increase by 3% annually throughout the base term and in each of the 3, 5-year renewal options.

Exclusively Listed By

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