2121 Millerville Road
Baton Rouge, LA
Price:
$3902000
Cap Rate:
6.75%
NOI:
$263,350
Building Size:
Approx. 7300 Sq. Ft.
Lot Size:
Approx. 1.19 Acres
Type:
Multi-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2017
Investment Overview
- 2017 Construction | 7,300+/- SF Building on 1.19+/- Acre Site
- Corporate Guarantee Net Leases with Multiple Renewal Options & Bumps
- Located along Millerville Rd (14K VPD), just N of Interstate 12 (92K VPD)
- Target Outparcel | Near Lowe’s, Hobby Lobby, Walmart, SBUX, Chili’s, Chase
- Near The White Stone Apt (224-Units) | The Regent Apt Homes (176-Units)
- Across The Greens @ Millerville (New 53-Acre Mixed-Used Development)
- 10-Miles East of Louisiana State University (29,292 Student Enrollment)
- Attractions: Old State Capital | LSU | Myrtles Plantation | Baton Rouge Zoo
- Major Industries: Energy | Education | Manufacturing | Audio Engineering
- Baton Rouge, state capital, is a culturally rich city & second largest in the state
- 3-Miles 2017 Estimated Pop: 73,154 l 3-Miles Avg Household Income $78,041