Express Oil | 15 Year Base Term | New Construction

For Sale

70516 LA-21, Covington, LA 70433

This Covington property for sale is located at 70516 LA-21. The current listed sale price for Express Oil | 15 Year Base Term | New Construction is $2,391,750. Express Oil | 15 Year Base Term | New Construction is situated on a lot that is 1.31 square feet in size.

Contacts

broker

Eric Carlton

Colliers

broker

Jereme Snyder

broker

Paul Dominique

Property Details

  • Property Type Retail
  • Lot Size 1.31 SF
  • Additional Rent Contact for pricing
  • Date Updated Jun 17, 2024

We are pleased to offer to qualified investors, an opportunity to acquire a corporate guaranteed absolute NNN single tenant net lease investment, occupied by Express Oil Change (guaranteed by Mavis Tire) on a 15 year base term with 5, 5 year options. The subject property is located along the one of the main North/South corridors through Covington, LA just off Interstate 12 and is positioned near major retailers such as Winn-Dixie, CVS, Walgreens, Target, Ross Dress for Less, Kohl’s Mercedes-Benz of Covington and more. This is an excellent opportunity to own a new construction, passive income generating investment on a long term 15-year lease that is corporate guaranteed with zero landlord responsibilities.

Available

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Getting around

  • 39/100

    Walk Score ®

  • 43/100

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Location

  • City Covington, LA
  • Neighborhood Covington
  • Zip Code 70433
  • Market New Orleans

Points of Interest

  • Sam's Club

    0.84 miles

  • Texaco

    1.09 miles

  • Chevron

    3.00 miles

  • Shell

    3.14 miles

  • Racetrack

    3.19 miles

  • Circle K

    3.21 miles

  • Circle K Shell

    3.25 miles

  • On The Run

    3.27 miles

  • Goodbee Quick Stop

    5.08 miles

  • Chevron

    6.16 miles

  • Steak 'n Shake

    0.73 miles

  • Olive Garden

    0.76 miles

  • Firehouse Subs

    0.79 miles

  • Texas Roadhouse

    0.82 miles

  • Cracker Barrel

    0.86 miles

  • Saltgrass Steak House

    0.89 miles

  • LongHorn Steakhouse

    0.97 miles

  • Taco Bell

    1.01 miles

  • Wendy's

    1.03 miles

  • Chick-fil-A

    1.12 miles

  • Winn-Dixie

    0.31 miles

  • Kohl's

    0.68 miles

  • JCPenney

    0.89 miles

  • Ross

    0.97 miles

  • Marshalls

    0.99 miles

  • Target

    1.03 miles

  • Belk

    1.14 miles

  • Acquistapace's Covington Supermarket

    2.34 miles

  • Walmart Neighborhood Market

    3.09 miles

  • Big Lots

    3.16 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Express Oil | 15 Year Base Term | New Construction