Jiffy Lube

For Sale

2602 Ferrand St, Monroe, LA 71201

This Monroe property for sale is located at 2602 Ferrand St. The current listed sale price for Jiffy Lube is $900,000. Jiffy Lube is situated on a lot that is 0.17 acre in size.

Contacts

broker

Gunnar Edlund

Trinity Real Estate Investment Services

(651) 788-1133

Property Details

  • Property Type Retail - Freestanding
  • Property Size 2,230 SF
  • Units 1
  • Lot Size 0.17 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1980
  • Date Updated Apr 4, 2024
tbdTrinity Real Estate Investment Services is pleased to present the opportunity to acquire a Jiffy Lube in Monroe, LA. The subject property has an attractive 12.5% rental increase with 5.5+ years remaining on the term. Broker of Record - Brian Brockman - (513) 898-1551 - Bang Realty, Inc - LA #BROK.0995684990-ASA

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Highlights

  • Jiffy Lube With 5.5+ Years Remaining on Primary Term
  • Absolute NNN With Zero Landlord Responsibilities
  • Attractive 12.5% Rental Increase to Occur in March of 2025
  • Tenants Have the Option to Exercise 2 (Two) 5-Year Options, Both Including 12.5% Rental Increases on Each Option Period
  • Strong 5-Mile Demographics With 77,000+ Residents
  • Tenant has Recently Made Improvements to the lot, Showing a Long-Term Commitment to the Site
  • Situated Less Than 1 Mile From The University of Louisiana Monroe, Which Boasts a Population of Over 8,000 Students
  • Operated by Team Car Care, the Largest Jiffy Lube Franchisee With Operations of Over 550+ Units
  • Monroe is the Principal City of the Monroe Metropolitan Statistical Area, the Second-Largest Metropolitan Area in North Louisiana

Getting around

  • 64/100

    Walk Score ®

  • 48/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Monroe, LA
  • Zip Code 71201

Points of Interest

  • Daily Press

    1.12 miles

  • Brookshire's Gas

    2.32 miles

  • Chevron

    2.90 miles

  • Tesla Supercharger

    3.00 miles

  • RaceWay

    4.84 miles

  • Brookshire's Gas

    4.85 miles

  • Shell

    6.71 miles

  • ULM Commuter Student Parking Garage

    0.55 miles

  • Subway Restaurant

    0.84 miles

  • Pizza Hut

    0.96 miles

  • Raising Cane's

    1.10 miles

  • Whataburger

    1.23 miles

  • Catfish Charlie's

    1.31 miles

  • Newk's Eatery

    1.37 miles

  • Pie Works restaurant

    1.43 miles

  • Portico

    1.49 miles

  • Piccadilly Cafeteria

    1.51 miles

  • Melvyn's

    1.53 miles

  • Geneva's Plaza

    0.76 miles

  • Walmart Neighborhood Market

    0.97 miles

  • Super 1 Foods

    1.10 miles

  • Walmart Supercenter

    1.20 miles

  • Walmart Neighborhood Market

    2.01 miles

  • Brookshire's

    2.18 miles

  • Brookshire's

    2.34 miles

  • Brookshire's

    2.43 miles

  • Kohl's

    2.52 miles

  • Dillard's

    2.70 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 Listing Broker

broker

Gunnar Edlund

Trinity Real Estate Investment Services

(651) 788-1133