Greyhound Station | Long-Term with NNN Lease | 1253 Florida St
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Greyhound Station | Long-Term with NNN Lease 1253 Florida St
11,500 SF 100% Leased Industrial Building Online Auction Sale Baton Rouge, LA 70802
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Investment Highlights
- 1253 Florida Street is an 11,500-SF industrial flex building occupied by Greyhound, a single tenant with an NNN lease through October 2029.
- Greyhound has been a tenant at this location for over 20 years, offering investors a rare, low-maintenance, income-generating asset.
- Within a 5-mile radius, the area has a population of 153,850. It sees $1.5 billion in annual consumer spending and is close to LSU.
- Located less than 1 mile from Downtown Baton Rouge, with easy access to major highways, including I-110 and I-10, connecting to major markets.
- Equipped with gated parking for eight buses, multiple ingress/egress points, a boarding area, a kitchen, well-lit parking, and prominent signage.
- Baton Rouge offers one of the nation’s lowest costs of doing business, strong workforce training programs, and access to major infrastructure.
Executive Summary
1253 Florida Street is an 11,500-square-foot industrial flex building currently operating as a Greyhound station, located in Baton Rouge, Louisiana. Sitting on a 1.34-acre lot, the property offers gated parking for eight buses, 37 regular parking spaces, a well-lit parking lot, and prominent building and pylon signage. The site provides two dedicated ingress/egress points for buses and two additional points for visitors, ensuring efficient traffic flow for both public and private use. The single-story building features a canopied boarding area for eight buses, a dining area, a kitchen, a game room, and more. Greyhound has been a tenant for over 20 years and is on an NNN lease through October 2029, presenting investors with a low-maintenance, hands-off asset.
The Greyhound station is located less than a mile from Downtown Baton Rouge and enjoys prime access to Interstate 110, a north-south auxiliary highway, and Interstate 10, a key transportation route connecting Baton Rouge to New Orleans and Houston. This central location also benefits from a strong local economy. The population within a 5-mile radius is 153,850, with an annual consumer spending of $1.5 billion. The property is just 3 miles from Louisiana State University (LSU), which has an enrollment of over 37,000 students and supports an additional 5,000 staff, further boosting the local economy and consumer base. In addition, Baton Rouge welcomes nearly 3 million visitors annually, drawn by its blend of history and culture. Demand drivers to the area include the Louisiana State Capitol, various museums, LSU, and the bustling arts and culinary scenes. The city's proximity to the Mississippi River and major events and festivals make it a popular destination.
Baton Rouge is a top-tier business location with one of the nation’s lowest costs of doing business. The city’s strategic location offers access to the Port of Greater Baton Rouge, Class I railroads, two major highways, and the Baton Rouge Metropolitan Airport. The area supports a mix of established industries, including petrochemicals, logistics, and agribusiness, while also attracting emerging sectors like renewables, life sciences, and software. With favorable tax incentives and access to key infrastructure, 1253 Florida Street presents an outstanding investment opportunity in one of the most dynamic markets in the Southeast. Take advantage of this unique chance to acquire a well-positioned, income-generating asset with long-term potential.
The Greyhound station is located less than a mile from Downtown Baton Rouge and enjoys prime access to Interstate 110, a north-south auxiliary highway, and Interstate 10, a key transportation route connecting Baton Rouge to New Orleans and Houston. This central location also benefits from a strong local economy. The population within a 5-mile radius is 153,850, with an annual consumer spending of $1.5 billion. The property is just 3 miles from Louisiana State University (LSU), which has an enrollment of over 37,000 students and supports an additional 5,000 staff, further boosting the local economy and consumer base. In addition, Baton Rouge welcomes nearly 3 million visitors annually, drawn by its blend of history and culture. Demand drivers to the area include the Louisiana State Capitol, various museums, LSU, and the bustling arts and culinary scenes. The city's proximity to the Mississippi River and major events and festivals make it a popular destination.
Baton Rouge is a top-tier business location with one of the nation’s lowest costs of doing business. The city’s strategic location offers access to the Port of Greater Baton Rouge, Class I railroads, two major highways, and the Baton Rouge Metropolitan Airport. The area supports a mix of established industries, including petrochemicals, logistics, and agribusiness, while also attracting emerging sectors like renewables, life sciences, and software. With favorable tax incentives and access to key infrastructure, 1253 Florida Street presents an outstanding investment opportunity in one of the most dynamic markets in the Southeast. Take advantage of this unique chance to acquire a well-positioned, income-generating asset with long-term potential.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per SF
Baton Rouge - LA USA
Market Cap Rate
Baton Rouge - LA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Sale Conditions | Auction Sale | Year Built | 1970 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Truck Terminal | Parking Ratio | 3.22/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 4 |
| Lot Size | 1.34 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 11,500 SF |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Industrial |
| Property Subtype | Truck Terminal |
| Building Class | C |
| Lot Size | 1.34 AC |
| Rentable Building Area | 11,500 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 3.22/1,000 SF |
| No. Dock-High Doors/Loading | 4 |
| Opportunity Zone |
Yes |
Amenities
- Fenced Lot
- Signage
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
Houston
2,325,502
264
5 h 6 m
Dallas
1,345,047
423
7 h 34 m
Austin
964,254
424
8 h 0 m
Fort Worth
895,008
461
8 h 22 m
San Antonio
1,532,233
469
8 h 35 m
Nashville
669,053
591
10 h 41 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
376,842
Total Labor Force
194,011
Unemployment Rate
3.43%
Median Household Income
$49,676
Warehouse Employees
22,691
High School Education Or Higher
89.80%
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $56,300 | |
| Land Assessment | $24,710 | Total Assessment | $81,010 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$24,710
Improvements Assessment
$56,300
Total Assessment
$81,010
Sale Advisor
Sale Advisor
Dex Shill, Commercial Sales & Leasing
(225) 297-7874
Contact
Dex was born and raised in Baton Rouge. As a native of our capital city, Dex has gathered extensive knowledge of the market, throughout the area and statewide. Before joining NAI Latter and Blum, Dex worked for Business First Bank, where he ran a successful management trainee program. Dex then worked as an intern at NAI Latter and Blum. Finding a knack for commercial real estate, Dex became a licensed agent, working as a member of Evan Scrogg’s Team. Dex and his team are consistently top producers in Industrial and Office spaces.
Over the past few years, Dex has worked in performing site analysis, property ownership, demographics, and market research for companies such as Wal-Mart, Hancock Whitney Bank, and the Urban Restoration Enhancement Corporation.
With expertise in research and performing property diligence, Dex is able to offer his clients insight into market trends and give informed advice throughout the property acquisition process.
Over the past few years, Dex has worked in performing site analysis, property ownership, demographics, and market research for companies such as Wal-Mart, Hancock Whitney Bank, and the Urban Restoration Enhancement Corporation.
With expertise in research and performing property diligence, Dex is able to offer his clients insight into market trends and give informed advice throughout the property acquisition process.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Mary Humphreys
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr BROK.0995692305-CORP Irvine, CA; Auction Firm LA AB-446
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Dex Shill -
NAI Latter & Blum
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Greyhound Station | Long-Term with NNN Lease | 1253 Florida St
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