Cap Rate: 6.50%
Net Operating Income: $300,000
Square Footage: 2,250
Lot Size: 0.7 AC
This is an absolute net leased C-Store offering in Jefferson, LA. The Valero branded station has a new 20 year absolute NNN lease and calls for 2% annual Increases in rent. The lease is corporately guaranteed by a leading 462-unit operator. This location benefits from its location on an arterial highway through the town.
Jefferson is a census-designated place (CDP) in Jefferson Parish, Louisiana, United States, on the north side (referred to as the “East Bank”) of the Mississippi River. Jefferson is part of the New Orleans–Metairie–Kenner Metropolitan Statistical Area. The population was 11,193 at the 2010 census.It is often known by locals as “Old Jefferson” (to distinguish itself from the rest of Jefferson Parish), but should not be confused with Old Jefferson in East Baton Rouge Parish, Louisiana.