Description

This offering presents a compelling single-tenant investment opportunity featuring a new 20-year absolute NNN lease with zero landlord responsibilities and up to 40 years of potential lease term, including options. The lease is supported by a strong guaranty (contact broker for details) and includes 2% annual rent increases throughout both the primary term and renewal periods. The property is offered fee simple, providing full ownership of the land and improvements, and may qualify for bonus depreciation (buyers should consult a tax professional). The asset consists of a 2,850-square-foot convenience store with eight fueling lanes, prominently positioned on a signalized hard corner, offering excellent visibility and access. Located within the Lake Charles MSA, the site benefits from direct frontage along US-90, a major arterial corridor connecting Southwest Louisiana to the greater Houston metro area, with traffic counts of approximately 10,000 vehicles per day at the intersection. The surrounding area features an affluent suburban demographic, with average household incomes exceeding $86,000 within a five-mile radius, and strong consumer fundamentals, with vehicle and transportation maintenance ranking as the second-largest expenditure category within three miles at roughly 25.11% of total spending. As a key economic hub of Southwest Louisiana with a population of approximately 244,000, the Lake Charles region is experiencing significant growth, supported by over $55 billion in planned industrial developments, including LNG, methanol, and petrochemical projects, further enhancing the long-term investment appeal.