Grocery Store (Scenic Hwy) - Baton Rouge, LA | 6708 Scenic Hwy
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Grocery Store (Scenic Hwy) - Baton Rouge, LA 6708 Scenic Hwy
7,700 SF Retail Building Baton Rouge, LA 70807 $2,621,600 ($340/SF) 8.50% Cap Rate
Investment Highlights
- Lease Term: 12-Years Term Remaining on an Absolute Triple Net Lease With Zero Landlord Responsibility
- High Yield Opportunity: Opportunity to Take Advantage of a High Yield Opportunity in a Higher Interest Rate Environment
- Each Grocery Store is Strategically Located in Dense Residential Areas of Baton Rouge, Which is Home to Over 223,000 Residents
- Strong Guarantee: Strong Personal Guarantee From the CEO of IMTAA: a Successful Grocery Store and Convenience Store Operator
- Rental Increases: Strong Hedge Against Inflation With 2% Annual Rent Increases
- Baton Rouge, The Capital of Louisiana, is Home to Louisiana State University, Which Enrolls Over 37,000 Students Each Year
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,700 SF Grocery Store (Scenic Hwy) Located at 6708 Scenic Highway in Baton Rouge, LA. This Deal Includes a 12-Years Term Remaining on an Absolute Triple Net Lease With Zero Landlord Responsibility, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BOR: Andrew Ackerman Lic. LA #BROK.0995700567-ACT
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BOR: Andrew Ackerman Lic. LA #BROK.0995700567-ACT
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,700 SF
Building Class
B
Year Built
2022
Price
$2,621,600
Price Per SF
$340
Cap Rate
8.50%
NOI
$222,836
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Land Acres
0.79 AC
Opportunity Zone
Yes
Parking
10 Spaces (1.3 Spaces per 1,000 SF Leased)
Frontage
95 FT on Scenic Highway
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- IMTAA
- Retailer
- 7,700 SF
- $28.94
- Apr 2036
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| IMTAA | Retailer | 7,700 SF | $28.94 | Apr 2036 |
PROPERTY TAXES
| Parcel Number | 00239631 | Improvements Assessment | $0 |
| Land Assessment | $3,610 | Total Assessment | $3,610 |
PROPERTY TAXES
Parcel Number
00239631
Land Assessment
$3,610
Improvements Assessment
$0
Total Assessment
$3,610
-
Matt Sawyer -
Sands Investment Group Atlanta, LLC
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Grocery Store (Scenic Hwy) - Baton Rouge, LA | 6708 Scenic Hwy
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