975 N. Hwy 190 Service Road, Covington, LA 70433

Commercial property for lease

• Description
• This is a build to suit 14,000 square foot facility on a 2 acre site on Hwy 190 Service Road .2 miles south of I-12. The lease is with PetSuites of America and is guaranteed by National Veterinary Associates (NVA, Inc.). The lease is an absolute Net, Net, Net lease with a primary term of 20 years with five - 5 year options to renew. The initial rental is $332,598.96 per year. The asking price is a 6.85% cap rate of the first year rent. The rent increases every 5 years by the increase in CPI capped at 12%. The building completion and rent commencement are expected to be in June 2018. The property is well situated and highly visible in a high demographic market. Building price details: $4,855,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	39
  Parking Type:	Surface

• Contact info
• Michael Pou
• Note

• Details Info about this row that located on 975 N. Hwy 190 Service Road, Covington, LA 70433 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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