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

broker

Jereme Snyder

broker

Paul Dominique

Property Details

  • Property Type Retail
  • Lot Size 1.31 SF
  • Year Built 2020
  • Date Updated Apr 23, 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

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 39/100

    Walk Score ®

  • 43/100

    Bike Score ®

Powered by Walk Score ®

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