Firestone Complete Auto Care – Monroe, LA

Investment Overview

Single-Tenant NNN Firestone Investment Opportunity 1630 Louisville Avenue offers investors the opportunity to acquire a single-tenant NNN automotive retail and service property occupied by Firestone Complete Auto Care along one of Monroe’s established commercial corridors. The approximately 7,998 SF building sits on 0.537± acres with frontage along Louisville Avenue and is offered for $700,000, representing an approximate 5.8% going-in cap rate based on the current contractual income. A major strength of the investment is the property’s exceptionally long operating history. The location has operated as a Firestone tire and automotive service store since 1967, representing nearly 60 years of continuous Firestone use at this site. That long-standing presence reinforces the location’s established identity within the Monroe market and demonstrates the durability of the automotive use at this property. The existing lease is structured as a NNN lease, with landlord responsibility primarily limited to roof and structural components. Ownership has recently completed a significant capital improvement with the installation of a new TPO roofing system backed by a 20-year warranty, reducing one of the most significant potential near-term capital expenditures for a future owner. The property benefits from an established automotive use, a nationally recognized tenant, strong visibility along Louisville Avenue, proximity to North 18th Street, and convenient access to Interstate 20. For investors seeking a relatively passive single-tenant asset, 1630 Louisville Avenue combines nearly six decades of Firestone operating history, NNN lease structure, a newly replaced roof with long-term warranty coverage, and a well-established commercial location. NOTE: The property is subject to a tenant Right of First Refusal. Please contact the listing agent for specific contract timelines and details.

Investment Highlights

• 5.8% Going-In Cap Rate
• Single-Tenant NNN Investment
• Firestone Complete Auto Care
• Firestone Tire/Service Location Since 1967
• Nearly 60 Years of Continuous Firestone Use
• New TPO Roof with 20-Year Roof Warranty
• Landlord responsibility primarily limited to roof and structure
• Louisville Avenue / US Hwy 80 frontage
• Near the Louisville Ave & N. 18th St commercial intersection
• Approximately 1 mile from I-20
• Established automotive and commercial corridor
• Dense mix of automotive, retail, office, banking and service businesses