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2602 Ferrand St
Monroe, LA 71201

$1,000,000 USD

Auto Repair For Sale  •  2,230 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 2,975 SF
  • Lot Size 0.48 AC
  • Building Class C
  • Year Built 2000
  • Cap Rate 7.00 %
  • Tenancy Single
40 Walk Score

Highlights

Recently Exercised Option demonstrates the tenant’s long-term commitment to the location and continued operational success.
12.5% Rent Increases provide a built-in hedge against inflation and support strong long-term income growth.
Absolute Triple-Net (NNN) Lease structure ensures zero landlord responsibilities, providing a truly passive investment.
Industry-Leading Operator: Team Car Care is the #1 Jiffy Lube franchise in the United States with 400+ locations, providing strong operational backing
Strategically Located Near the University of Louisiana Monroe, a public university with approximately 9,000 students, driving consistent traffic
National Brand Recognition: Jiffy Lube, a subsidiary of Shell Oil Company, operates 2,100+ locations across North America
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Jiffy Lube

Public Transportation

AirportDriveWalkDistance
Monroe Regional 8 min - 4.4 mi
Jack Kulick 760-642-9942 Matthews Real Estate Investment Services
Jack Kulick 760-642-9942 Matthews Real Estate Investment Services