Investment Highlights
- Brand New 10-Year Absolute Triple Net (NNN) Lease
- Three Percent (3.0%) Annual Rental Increases
- Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years
- Accelerated & Bonus Depreciation | Properties Qualify for Both 80% Bonus Depreciation & 15 Year Accelerated Depreciation
- Affluent Community | Average Household Income Exceeding $79,300 Within a Five-Mile Radius
- Prime Positioning to Target Markets| Population Exceeds 109,724 Individuals Within a Five-Mile Radius and 239,000 Individuals Within a Ten-Mile Radius
- Prime Location to Brand New West Village Mixed Use Development | 143-Acre master-planned, mixed-use development featuring 400 single family homes, a 173-unit luxury apartment complex, and 30-acres of varying commercial space
Investment Overview
NNN Pro Group and Marcus & Millichap are pleased to present the exclusive listing for a Soda Pop Shop located at 700 Westgate Road in Lafayette, LA. The site consists of roughly 640 rentable square feet of building space on estimated 0.73-acre parcel of land. This Soda Pop Shop is subject to a 10-year absolute triple-net (NNN) lease, which commenced August 1st, 2023. The current annual rent is $60,000 and is scheduled to increase by 3% annually throughout the base term and in each of the 3, 5-year renewal options.
Broker of Record
Steve Greer | Lic #: BROK.995710346-ACT
