Express Oil | 15 Year Base Term | New Construction

70516 LA-21, Covington, LA 70433

  • For Sale $2,335,000
  • Property Type Retail
  • Lot Size 1.31 SF
  • Additional Rent Contact for pricing
  • Year Built 2020
  • Date Updated Dec 15, 2024

We are pleased to offer to qualified investors, an opportunity to acquire a corporate guaranteed absolute NNN single tenant net lease investment, occupied by Express Oil Change (guaranteed by Mavis Tire) on a 15 year base term with 5, 5 year options. The subject property is located along the one of the main North/South corridors through Covington, LA just off Interstate 12 and is positioned near major retailers such as Winn-Dixie, CVS, Walgreens, Target, Ross Dress for Less, Kohl’s Mercedes-Benz of Covington and more. This is an excellent opportunity to own a new construction, passive income generating investment on a long term 15-year lease that is corporate guaranteed with zero landlord responsibilities.

Available

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Attachments

Contacts

broker
Eric Carlton

Colliers

broker
Jereme Snyder
broker
Paul Dominique

Location

Getting Around

  • Walk Score ®

    39/100 Car-Dependent

  • Bike Score ®

    43/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Covington, LA
  • Zip Code 70433
  • Market New Orleans

Points of Interest

  • Sam's Club

    0.84 miles

  • Covington, LA Supercharger

    0.99 miles

  • ChargePoint

    1.00 miles

  • Texaco

    1.09 miles

  • Chevron

    3.00 miles

  • Shell

    3.14 miles

  • Murphy USA

    3.18 miles

  • Racetrac

    3.19 miles

  • Circle K

    3.21 miles

  • Discount Zone

    4.28 miles

  • Panera Bread

    0.33 miles

  • McDonald's

    0.45 miles

  • Steak 'n Shake

    0.73 miles

  • Olive Garden

    0.76 miles

  • Firehouse Subs

    0.79 miles

  • Texas Roadhouse

    0.82 miles

  • Cracker Barrel

    0.86 miles

  • Saltgrass Steak House

    0.89 miles

  • LongHorn Steakhouse

    0.97 miles

  • Taco Bell

    1.01 miles

  • Winn-Dixie

    0.31 miles

  • Kohl's

    0.68 miles

  • JCPenney

    0.89 miles

  • Ross

    0.97 miles

  • Marshalls

    0.99 miles

  • Target

    1.03 miles

  • Belk

    1.14 miles

  • Acquistapace's Covington Supermarket

    2.34 miles

  • Walmart Neighborhood Market

    3.09 miles

  • ALDI

    3.13 miles

Frequently Asked Questions

How much does Express Oil | 15 Year Base Term | New Construction cost?

The space currently listed for sale at Express Oil | 15 Year Base Term | New Construction asks for $2,335,000.

What is the total square footage of Express Oil | 15 Year Base Term | New Construction?

Express Oil | 15 Year Base Term | New Construction totals 4,732 square feet.

When was this property built?

Express Oil | 15 Year Base Term | New Construction was built in 2020.

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Contact Express Oil | 15 Year Base Term | New Construction