Auto Service - Gas-Conv
Jiffy Lube
14275 Coursey Blvd, Baton Rouge, LA 70817
Listing Price: $2,608,080
Investment Overview
Opportunity to acquire a corporate-guaranteed Jiffy Lube located in Baton Rouge, Louisiana. The property, constructed in 2013, is on an absolute net lease with Team Car Care East, LLC (230+ location operator). The current lease term has seven years remaining, with a fixed 10% rent increase in February 2028. The tenant has four 5-year options to renew with 10% increases scheduled at the exercise of each option.
The property sits as an outparcel to a Walmart Neighborhood Market-anchored shopping center, with direct frontage and monument signage on Coursey Boulevard.
Exclusively Listed By
Listing Price: $2,608,080
Investment Highlights
- Absolute NNN with Fixed 10% Rent Increase in Feb 2028
- Team Car Care East LLC Franchise Operated Jiffy Lube - 230+ Location Operator
- Outparcel to Walmart Neighborhood Market-Anchored Shopping Center
Investment Overview
Opportunity to acquire a corporate-guaranteed Jiffy Lube located in Baton Rouge, Louisiana. The property, constructed in 2013, is on an absolute net lease with Team Car Care East, LLC (230+ location operator). The current lease term has seven years remaining, with a fixed 10% rent increase in February 2028. The tenant has four 5-year options to renew with 10% increases scheduled at the exercise of each option. The property sits as an outparcel to a Walmart Neighborhood Market-anchored shopping center, with direct frontage and monument signage on Coursey Boulevard.
Exclusively Listed By
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