Published on: Thursday, October 17, 2024
Updated on: Thursday, October 17, 2024
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About the Lister
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Name: Tim Westfall
Company: Echo West Capital Advisors
Office Phone: 602.628.6298
Cell Phone: 602.628.6298
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  Tire Choice - Autoshop
4200 Williams Blvd Kenner Louisiana , 70065
4200 Williams Blvd Kenner Louisiana , 70065  Echo West Capital Advisors
Listing ID: CL-Louisiana-12467

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 7.06
Net Operating Income: $120,000.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Louisiana-12467
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: N/A
Building Size: 5,480.00 SqFt
Lot Size: 5,480.00 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | Tire Choice OM - Kenner, LA-compressed_1.pdf ( 8,667.60KB)
Listing Summary
This property offers an outstanding investment opportunity backed by a corporate guarantee from Monro Inc. (NASDAQ: MNRO), one of the largest tire and auto service chains in the U.S., providing strong financial security.
Complete Details
Year Build: N/A
Building Size: 5,480 SqFt.
No of Stories: 1
Total Lot Area: 5480 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
This property offers an outstanding investment opportunity backed by a corporate guarantee from Monro Inc. (NASDAQ: MNRO), one of the largest tire and auto service chains in the U.S., providing strong financial security. Located just 0.6 miles from the new $100 million Treasure Chest Casino Development and less than 4 miles from New Orleans International Airport, it boasts a prime position in a rapidly growing area. With over 25 years of operation in the community, this recession-resistant tenant ensures consistent demand for automotive services. The surrounding region, including Kenner’s Laketown, is poised for further development, supported by strong demographics in the New Orleans MSA.
Additional Properties
Property Tenants
  • Investment Net Lease type: NN+
  • Brand/Tenant: Tire Choice
  • Lease Term: 10 years
  • Remaining Term 4.9 years
Property Highlights
  • he lease is backed by Monro Inc. (NASDAQ: MNRO), a leading chain of tire and auto service centers across the United States. With a ±1,300-unit corporate guarantee, Monro Inc. provides significant financial backing.
  • The subject property is ideally positioned just 0.6 miles from the brand new, ground up $100 million Treasure Chest Casino Development and less than a 4 mile drive from New Orleans International Airport.
  • The surrounding area, particularly Kenner’s Laketown, is poised for substantial development with a proposed 40-acre, $450 million recreational and residential project.
  • This automotive repair location has a lengthy 25+ year operating history within the surrounding submarket making it a convenient and established option for consumers in and around Kenner.
Features
  • Auto service businesses are typically less vulnerable to economic downturns, as vehicle maintenance remains a necessity even in a recession.
Listing Location
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