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2602 Ferrand St., Monroe, LA, 71201

Jiffy Lube
$1,000,000

Key Information

Cap Rate
7%
$ per SF
$386
Tot. SF
2,975
Lot Size
0.48 Acres
Term Remaining
±9.00 YRS
Type
Retail

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 and income security.
  • Strategically Located Near the University of Louisiana Monroe, a public university with approximately 9,000 students, driving consistent traffic and demand for affordable vehicle maintenance services.
  • National Brand Recognition: Jiffy Lube, a subsidiary of Shell Oil Company, operates 2,100+ locations across North America, making it the leader in the quick lube industry.
  • Multicare Service Model: This location provides comprehensive vehicle maintenance services beyond traditional oil changes, including batteries, brakes, filters, fluids, inspections, suspension, tires, glass, and engine services.
  • Excellent Accessibility: The property features multiple access points from both Ferrand Street and Sterlington Road, allowing for convenient customer entry and exit.
  • Potential Tax Advantages: Automotive service properties may qualify for accelerated depreciation benefits (consult your tax or accounting professional for details).
  • E-Commerce and Recession Resistant: Quick lube services are essential and non-discretionary, making the sector historically resilient to economic downturns and insulated from e-commerce disruption.
  • Strong Retail Synergy: Surrounding national retailers include McDonald’s, Starbucks, Circle K, Chase Bank, Wendy’s, Taco Bell, Domino’s, Zaxby’s, and more, creating strong traffic and visibility.

Photos

Location

Agents

Broker of Record

Donnie Jarreau

License # BROK.32688-ACT, BROK.995704351-CORP (LA)
Jarreau Real Estate
16161 Perkins Road, Baton Rouge, LA 70810