Listings

>

Midas 20 Year Absolute NNN

Midas 20 Year Absolute NNN

25,000 VPD | Newly Renovated 2026

Lafayette, Louisiana

$1,762,962

Price

6.75%

Cap Rate

$119,000

NOI


Investment highlights

  • Brand New 20 Year Absolute NNN lease
  • Direct frontage and visibility to 25,000+ vehicles daily
  • Oversized 1.66 acre lot
  • Newly Renovated Midas Building positioned for long term occupancy
  • Strong historical operating performance (call broker for details)
  • Centrally located within the rapidly growing Pinhook Road retail corridor
  • Affluent, densely populated trade area: $105K average household income within 3 miles and 130K residents within 5 miles
  • Rapidly growing population within a 1 mile radius: 2.5% annually
  • Close proximity to the Walmart Supercenter-anchored retail node
  • Proximate the University of Louisiana at Lafayette (~20,000 students)
  • Experienced Operator: Red Eagle LLC operates 13 Midas auto service centers across Mississippi and Tennessee
  • Strong franchisee and personal guaranty backing the lease
  • Midas: Established international auto care brand with 2,000+ locations worldwide
Image description

© 2026 Century Partners Real Estate, Inc. All rights reserved.

The information contained in this website is provided by Century Partners Real Estate, Inc. (Century Partners) for general purposes only. While we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or information, services, or relate graphics contained on the website for any purpose. Individual results may vary, and case studies or testimonials provided on the website are not claimed to represent the results you will achieve. Any reliance you place on such information is therefore strictly at your own risk. The use of this website or submission of any forms for communication with Century Partners or any Century Partners personnel does not establish a broker/agency relationship in the absence of a fully signed written contract. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.