Midas - Net Lease Property for Sale
Lafayette, LA
Key Investment Metrics
Price
$1,904,000
Cap Rate
6.3%
Net Operating Income
$119,000
Building Size
4525 SF
Lot Size
4,525 SF
Land Area
1.66 Acres
Remaining Term
20.4 years
Lease Expiration
06/08/2046
Lease Term
20 years
Lease Commencement
06/08/2026
Lease Type
Absolute NNN
Year Built
1990
Tenancy
Single
Rent Increases
10% every 5 years
About This Midas Net Lease Property
This Midas NNN (triple net lease) property is located in Lafayette, LA and represents an excellent investment opportunity for commercial real estate investors. The property features 4525 square feet of building space and was built in 1990.
With a cap rate of 6.3%, this Midas net lease property offers stable income potential. The asking price is $1,904,000, making it an attractive option for 1031 exchange investors seeking quality Midas commercial properties.
Why Invest in Midas NNN Properties?
- Stable Income: Midas net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Midas is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Lafayette, LA Market Overview
Located in Lafayette, LA, this Midas property benefits from strong local demographics and market fundamentals. The Lafayette area offers excellent visibility and accessibility, making it an ideal location for Midas operations and a solid investment for net lease property buyers.