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1900 Highway 80

10,000 SF 100% Leased Retail Building Haughton, LA 71037 £1,819,831 (£182/SF) 6.25% Net Initial Yield

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, and Exhaust Wor
  • 153,843 Residents within a 10-Mile Radius - Growing Trade Area in the Shreveport MSA
  • 5% Rental Increases Every Five Years with Multiple Renewal Options
  • Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • Easily Accessible Location Along Highway 80, Visible to More Than 19,500 Cars per Day

Executive Summary

This property features a brand new 20-year absolute triple-net (NNN) lease with a corporate guaranty, ensuring stability and reliability. With 5% rental increases every five years and multiple renewal options, it offers a steady income stream. Mavis, one of the largest independent automotive service businesses in the United States with over 2,000 service centers across 38 states, provides a comprehensive menu of additional services including brakes, alignments, oil changes, suspension, shocks, struts, battery replacement, and exhaust work. An outstanding investment opportunity with a reputable tenant in place.

Attachments

Mavis Discount Tire SLB_Haughton, LA_Marketing Package

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
10,000 SF
Building Class
C
Year Built
1972
Price
£1,819,831
Price Per SF
£182
Net Initial Yield
6.25%
NOI
£113,739
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.09
Land Acres
2.46 AC
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1900 Highway 80, Haughton, LA - aerial map view - Image1
1900 Highway 80, Haughton, LA - aerial map view - Image2
1900 Highway 80, Haughton, LA - aerial map view - Image3

PROPERTY TAXES

Parcel Numbers
Multiple
  • 171561
  • 201923
 Improvements Assessment £10,851
Land Assessment £29,854 Total Assessment £40,705

PROPERTY TAXES

Parcel Numbers
Multiple
  • 171561
  • 201923
Land Assessment
£29,854
Improvements Assessment
£10,851
Total Assessment
£40,705
(602) 687-6697

  • Listing ID: 33296986

  • Date on Market: 25/09/2024

  • Last Updated:

  • Address: 1900 Highway 80, Haughton, LA 71037

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© 2024 CoStar Group

1900 Highway 80
(602) 687-6697 x

1900 Highway 80

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Alex Frankel

(602) 687-6697

(602) 687-6697

Mark Ruble

(602) 687-6766

(602) 687-6766

Christopher Lind

(602) 687-6780

(602) 687-6780

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