Cap Rate: 6.50%
Net Operating Income: $216,000
Square Footage: 3,332
Lot Size: 0.57 AC
This is an absolute net leased C-Store offering in Clinton, LA. This BP Petroleum branded station has a new 20 year absolute NNN lease and calls for 1.75% annual increases in rent. The lease is corporately guaranteed by a leading 462-unit operator. This location reports strong store sales $190k/monthly inside sales and $60k/monthly fuel sales.
Clinton is a town in, and the parish seat of, East Feliciana Parish, Louisiana, United States. The town was named for New York Governor DeWitt Clinton.The population was 1,653 at the 2010 census. It is part of the Baton Rouge Metropolitan Statistical Area.