Cap Rate
8%
Tot. SF
6,124
1144 Grand Caillou Rd, Houma, LA, 70363
Advance Auto Parts
$1,034,400
Key Information
Lot Size
0.53 Acres
Year Built
2008
Term Remaining
± 9.25 Years
Type
Retail
NOI
$82,752
Highlights
- Advance Auto Parts executed a long-term lease extension, proving their commitment to the location.
- 2008 build-to-suit construction.
- ±9.25 Years remaining on an initial 15-Year lease.
- Corporately guaranteed lease.
- 7% increases every 5 years on renewal periods.
- Excellent retail corridor with surrounding national tenants including Walmart Supercenter, Sonic, Chick-fil-A, Ollie’s Bargain Outlet, Starbucks, Walgreens and more.
- 3-Mile population of 29,411 residents.
- 5-Mile population of 60,365 residents.
- Average household income of $75,015 annually.
- Traffic counts on exceed 22,800 vehicles daily on Grand Caillou Rd.
- Advance Auto Parts (NYSE: AAP) is one of the nation’s largest automotive aftermarket parts providers, serving both professional installers and do-it yourself customers.
- Lease is corporate guaranteed by Advance Stores Company, Inc. (S&P Rated BB)
- Considered an essential retailer, Advance Auto Parts has maintained consistent operations and rent payments, including throughout the
COVID-19 pandemic.
Photos
Location
Agents
J
Josh BishopLicense # 688810 (TX)
Broker of Record
Donnie Jarreau
License # BROK.32688-ACT, BROK.995704351-CORP (LA) Jarreau Real Estate16161 Perkins Road, Baton Rouge, LA 70810