Port Allen Crossing | 8.96% CAP Rate | O'reilly, Pizza Hut, Barber Shop

Investment Overview

±9,240 SF retail investment property built in 2012, consisting of three fully occupied suites with corporate tenants. Tenant mix includes corporate O'Reilly Auto Parts (±6,300 SF), corporate Pizza Hut (±1,200 SF), and The West Side Barber (±1,740 SF). O'Reilly's lease expires April 30, 2027, with four additional 5-year renewal options and a 6% rent increase upon the first renewal; Pizza Hut recently extended its lease through March 5, 2032, with approximately 2.5% annual rent increases. The West Side Barber's lease runs through September 30, 2030, with two additional 5-year renewal options and scheduled $100 monthly rent increases each October. The barber’s lease is backed by a personal guaranty. Tenant leases provide for reimbursement of their respective shares of property taxes, insurance, and common area maintenance expenses. O’Reilly’s lease is NNN, with the landlord responsible for roof, HVAC, and parking lot replacement. Located in Port Allen, directly across the Mississippi River from Baton Rouge and ±0.4 miles from I-10.