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2602 Ferrand St
Monroe, LA 71201

$934,000 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 7.50 %
  • Tenancy Single
0 Transit Score
54 Walk Score

Highlights

Listed for $934,000 yielding a 7.50% cap rate.
Recently exercised option demonstrates commitment to the location.
Rare 12.5% Rent Increases provide an effective hedge against inflation.
Absolute Triple-Net Lease (NNN) – Zero Landlord Responsibilities.
Team Car Care – Full-term guaranty from the largest franchisee in the Jiffy Lube system | ±500 locations nationally.
Adjacent to University of Louisiana Monroe – Public university with ±9,000 students creates strong and sustainable demand for affordable auto service.

Property Flyers

Cap Rate: 7.50 %

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