5640 Airline Hwy
Baton Rouge, LA
Price:
$1,021,275
Cap Rate:
6.25%
NOI:
$63,830
Building Size:
Approx. 1,176 Sq. Ft.
Lot Size:
Approx. 1.115 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Investment Overview
- 1,176+/- SF Building on 1.115 +/- Acre Site
- Corporate NNN Lease with 1.5% increases annually
- Strategically located at the hard corner of Airline Hwy & McCelland Dr. which sees approximately 40,700 vehicles daily
- Close proximity to Louisiana State University (35,000 students) and Our Lady of the Lake Regional Medical Center (25,000 patients)
- Strong preforming location with low 7.33% rent to sales ratio
- Greater Baton Rouge (MSA) Population 227,549 + | Fastest growing metro in the USA