Baton Rouge, LA
Price:
$4764000
Cap Rate:
6.00%
NOI:
$285,858
Building Size:
Approx. 6398 Sq. Ft.
Lot Size:
Approx. 1.69 Acres
Type:
Multi-Tenant / Retail
Sub Category:
Fast Casual
Year Built:
2015
Investment Overview
- STARBUCKS | NASDAQ: SBUX | 19,000+ locations
- NEWK’S EATERY | 74 locations in 13 states
- New Construction | 6,398+/- SF Building on 1.69+/- Acre Site
- Along Corporate Blvd (20,606 Cars/ Day), just E of Commerce Circle | 1-Mile S of I-10 (142,715 Cars)
- Near Whole Foods, Walmart, Raising Cane’s, Hooters, Five Guys, Chick-Fil-A, Chase, CVS, Verizon, Valero, & AT&T
- Adjacent to Towne Center (411,491 SF), The Millennium (276-Luxury Units), The Enclave (286-Units), The Gates (369 Units)
- 4-Miles W of Louisiana State University (29,453 Enrollment), Cortana Mall (1,600,000 SF), & Celtic Media Centre (30-Acres)
- Top Employers: State of LA (22,120 Empl.),Turner Ind. (9,700 Empl.), LSU Systems (6,150 Empl.), Exxon Mobile (5,938), CB&I (4,243 Empl.)
- Baton Rouge – 2nd largest city in Louisiana & attracts 1.9 Million Visitors Ann. | 1-Mile Average Household Income: $110,579