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3115 W Pinhook Rd
Lafayette, LA 70508
Asking Price
$1.90M
Cap Rate
6.25%
Asset Type
Auto Shop Retail
Class
Class B
What's Special
Oversized 1.6 Acre Lot on High Traffic Thoroughfare <ul><li>Brand New 20 Year Absolute NNN lease</li><li>Direct frontage and visibility to 25,000+ vehicles daily</li><li>Newly Renovated Midas Building positioned for long term occupancy</li><li>Strong historical operating performance (call broker for details)</li><li>Centrally located within the rapidly growing Pinhook Road retail corridor</li><li>Affluent, densely populated trade area: $105K average household income within 3 miles and 130K residents within 5 miles</li><li>Rapidly growing p
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NOI
$80,000
Cap Rate
4.20%
DSCR
0.71
Underwater
Cash-on-Cash
-5.78%
Monthly Payment
$9,419.953
Annual Cash Flow
$-33,039.438
