Skip to main content

Auto Service - Gas-Conv

Kangaroo Express

SWC S St Landry Ave & LA-30, Gonzales (Baton Rouge), LA 70737

Listing Price: $5,810,000

Cap Rate
5.25%
Tenant Name
Gas Express, LLC d/b/a Kangaroo Express
Guarantor
Franchisee Guarantee
Rentable SF
4,200
Lease Type
Absolute Net
Rent Per Square Feet
$72.62

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Part of the Baton Rouge MSA, attractive college town home to the state’s flagship university, Louisiana State University › +34k students & faculty with an annual economic impact of $5.1 B - Located less than a mile from Interstate 10 in direct proximity to 3 hotels: Holiday Inn Express, Home2 Suites by Hilton and Hampton Inn - Situated on Access road to the Tanger Outlets Gonzales › Tanger Gonzales is ranked in the top 95% of shopping centers in the country (placer.ai) - Multiple points of ingress/egress - Flat topography with phenomenal visibility - Explosive population growth since 2000: 105% (1-mi), 51% (3-mi), & 85% (5-mi) - 50% of Households within 5-mi radius have an average income of $75K+ OPTIMAL LEASE STRUCTURE - Rare 20-year base term - Four (4), 5-year renewal options - 10% rent escalations every 5 years throughout entire lease - Triple Net (NNN) lease with no landlord responsibilities - Tax advantages with accelerated depreciation due to fee simple ownership LARGE FRANCHISEE & DOMINANT BRAND - Largest Alimentation Couche-Tard franchisee in the U.S. - Expanding 100+ unit operator across 4 states (AL, AR, GA, LA) - 26+ year operating history - Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate) BATON ROUGE, LA MSA ADVANTAGE - Gross Metro Product of $53.9 B (Forbes, 2019) - Major industries include education, energy and transportation - #36 in Cost of Doing Business (Forbes, 2019) - #2 Best Places to Live in Louisiana (US News. 2019) - Major Private Employers: › Turner Industries Group, LLC – 7,200 jobs (industrial construction) › Brown & Root Industrial Services – 3,500 jobs (industrial construction) › Blue Cross Blue Shield of Louisiana – 1,800 jobs (health insurance) › Raising Canes USA LLC – 900 jobs (food service)

Investment Highlights

  • Part of the Baton Rouge MSA
  • Located less than a mile from Interstate 10 in direct proximity to 3 hotels
  • Situated on Access road to the Tanger Outlets Gonzales
  • 10% rent escalations every 5 years throughout entire lease
  • Triple Net (NNN) lease with no landlord responsibilities
  • Largest Alimentation Couche-Tard franchisee in the U.S.

Exclusively Listed By

Auto Service - Gas-Conv

Kangaroo Express

Listing Price: $5,810,000

Cap Rate
5.25%
Tenant Name
Gas Express, LLC d/b/a Kangaroo Express
Guarantor
Franchisee Guarantee
Rentable SF
4,200
Lease Type
Absolute Net
Rent Per Square Feet
$72.62

Investment Highlights

  • Part of the Baton Rouge MSA
  • Located less than a mile from Interstate 10 in direct proximity to 3 hotels
  • Situated on Access road to the Tanger Outlets Gonzales
  • 10% rent escalations every 5 years throughout entire lease
  • Triple Net (NNN) lease with no landlord responsibilities
  • Largest Alimentation Couche-Tard franchisee in the U.S.

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Part of the Baton Rouge MSA, attractive college town home to the state’s flagship university, Louisiana State University › +34k students & faculty with an annual economic impact of $5.1 B - Located less than a mile from Interstate 10 in direct proximity to 3 hotels: Holiday Inn Express, Home2 Suites by Hilton and Hampton Inn - Situated on Access road to the Tanger Outlets Gonzales › Tanger Gonzales is ranked in the top 95% of shopping centers in the country (placer.ai) - Multiple points of ingress/egress - Flat topography with phenomenal visibility - Explosive population growth since 2000: 105% (1-mi), 51% (3-mi), & 85% (5-mi) - 50% of Households within 5-mi radius have an average income of $75K+ OPTIMAL LEASE STRUCTURE - Rare 20-year base term - Four (4), 5-year renewal options - 10% rent escalations every 5 years throughout entire lease - Triple Net (NNN) lease with no landlord responsibilities - Tax advantages with accelerated depreciation due to fee simple ownership LARGE FRANCHISEE & DOMINANT BRAND - Largest Alimentation Couche-Tard franchisee in the U.S. - Expanding 100+ unit operator across 4 states (AL, AR, GA, LA) - 26+ year operating history - Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate) BATON ROUGE, LA MSA ADVANTAGE - Gross Metro Product of $53.9 B (Forbes, 2019) - Major industries include education, energy and transportation - #36 in Cost of Doing Business (Forbes, 2019) - #2 Best Places to Live in Louisiana (US News. 2019) - Major Private Employers: › Turner Industries Group, LLC – 7,200 jobs (industrial construction) › Brown & Root Industrial Services – 3,500 jobs (industrial construction) › Blue Cross Blue Shield of Louisiana – 1,800 jobs (health insurance) › Raising Canes USA LLC – 900 jobs (food service)

Exclusively Listed By

MM Texture Background
MM Textured Background Lower