Cap Rate: 6.00%
Net Operating Income: $24,000
This is an absolute net leased C-Store offering in Minden, LA. This BP 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.
Minden is a small city in, and the parish seat of, Webster Parish, in the US state of Louisiana, United States. It is located twenty-eight miles east of Shreveport. As of the 2010 census, the city had a total population of 13,082.