Firestone Complete Auto Care – Monroe, LA

1630 Louisville Avenue is strategically positioned along Louisville Avenue (US Hwy 80) in the heart of Monroe’s established Midtown commercial corridor, near the heavily traveled intersection of Louisville Avenue and North 18th Street. This area represents one of Monroe’s long-established retail, automotive, medical and professional-service corridors, with a concentration of automobile dealerships, automotive service businesses, restaurants, banks, offices and neighborhood-serving retailers. The location provides Firestone with strong visibility and convenient access from both the surrounding residential neighborhoods and Monroe’s primary commercial districts. The property benefits from traffic volumes of approximately 22,136 vehicles per day along Louisville Avenue and approximately 16,911 vehicles per day along North 18th Street, according to nearby traffic-count data attributed to the Louisiana Department of Transportation and Development. North 18th Street provides an important north-south connection through Monroe and offers convenient access toward Interstate 20. The property is approximately 1 mile from I-20/Exit 117C, providing easy regional access for customers, employees and commercial traffic. Louisville Avenue itself is a major east-west arterial and an alternative route to I-20 through the Monroe area, further strengthening the property's accessibility and long-term commercial location fundamentals. For a national automotive service tenant such as Firestone, the combination of strong daily traffic, proximity to North 18th Street, convenient I-20 access and an established automotive/commercial trade area provides a location well aligned with its existing use.Single-Tenant NNN Firestone Investment Opportunity 1630 Louisville Avenue offers investors the opportunity to acquire a single-tenant NNN automotive retail and service property occupied by Firestone Complete Auto Care along one of Monroe’s established commercial corridors. The approximately 7,998 SF building sits on 0.537± acres with frontage along Louisville Avenue and is offered for $700,000, representing an approximate 5.8% going-in cap rate based on the current contractual income. A major strength of the investment is the property’s exceptionally long operating history. The location has operated as a Firestone tire and automotive service store since 1967, representing nearly 60 years of continuous Firestone use at this site. That long-standing presence reinforces the location’s established identity within the Monroe market and demonstrates the durability of the automotive use at this property. The existing lease is structured as a NNN lease, with landlord responsibility primarily limited to roof and structural components. Ownership has recently completed a significant capital improvement with the installation of a new TPO roofing system on the store front area, backed by a 20-year warranty, The owner in 2020 installed new roof system on the Garage and half of the warehouse area reducing one of the most significant potential near-term capital expenditures for a future owner. The property benefits from an established automotive use, a nationally recognized tenant, strong visibility along Louisville Avenue, proximity to North 18th Street, and convenient access to Interstate 20. For investors seeking a relatively passive single-tenant asset, 1630 Louisville Avenue combines nearly six decades of Firestone operating history, NNN lease structure, a newly replaced roof with long-term warranty coverage, and a well-established commercial location. NOTE: The property is subject to a tenant Right of First Refusal. Please contact the listing agent for specific contract timelines and details.