Skip to main content

Auto Service - Gas-Conv

Kangaroo Express

8967 Jefferson Hwy, Baton Rouge, LA 70809

Listing Price: $5,665,000

Cap Rate
5.25%
Tenant Name
Gas Express, LLC d/b/a Kangaroo Express
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
5,106
Lease Type
Absolute Net
Rent Per Square Feet
$58.26

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Attractive college town home to the state’s flagship university, Louisiana State University › +30k students and faculty with an annual economic impact of $5.1 B - Flat topography with phenomenal visibility - Brand new 2021 construction - Situated directly at entrance of a 301-unit Apartment complex and across the street from dense residential neighborhoods - Last gas station before on-ramp to Interstate 12 East - Located less than 1 mile from the Baton Rouge Country Club, a unique, private social institution designed to provide its members, their families and guests a personal, unparalleled country club experience - Abundant daytime population of 17,825 (1-mi), 132,452 (3-mi) & 291,125 (5-mi) - Affluent trade area with AHHIs of $99k (3-mi) and $94k (5-mi) 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 Circle K franchisee - Expanding 93-unit operator across 4 states (AL, AR, GA, LA) - 26+ year operating history - Circle K 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

  • Last gas station before on-ramp to Interstate 12 East
  • Situated directly at entrance of a 301-unit Apartment complex and across the street from dense residential neighborhoods
  • Attractive college town home to the state's flagship university, Louisiana State University
  • 10% rent escalations every 5 years throughout entire lease
  • Triple Net (NNN) lease with no landlord responsibilities
  • Largest Circle K franchisee

Exclusively Listed By

Auto Service - Gas-Conv

Kangaroo Express

Listing Price: $5,665,000

Cap Rate
5.25%
Tenant Name
Gas Express, LLC d/b/a Kangaroo Express
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
5,106
Lease Type
Absolute Net
Rent Per Square Feet
$58.26

Investment Highlights

  • Last gas station before on-ramp to Interstate 12 East
  • Situated directly at entrance of a 301-unit Apartment complex and across the street from dense residential neighborhoods
  • Attractive college town home to the state's flagship university, Louisiana State University
  • 10% rent escalations every 5 years throughout entire lease
  • Triple Net (NNN) lease with no landlord responsibilities
  • Largest Circle K franchisee

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Attractive college town home to the state’s flagship university, Louisiana State University › +30k students and faculty with an annual economic impact of $5.1 B - Flat topography with phenomenal visibility - Brand new 2021 construction - Situated directly at entrance of a 301-unit Apartment complex and across the street from dense residential neighborhoods - Last gas station before on-ramp to Interstate 12 East - Located less than 1 mile from the Baton Rouge Country Club, a unique, private social institution designed to provide its members, their families and guests a personal, unparalleled country club experience - Abundant daytime population of 17,825 (1-mi), 132,452 (3-mi) & 291,125 (5-mi) - Affluent trade area with AHHIs of $99k (3-mi) and $94k (5-mi) 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 Circle K franchisee - Expanding 93-unit operator across 4 states (AL, AR, GA, LA) - 26+ year operating history - Circle K 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