$2,621,000 USD
678-713-4959
12606 S Choctaw Dr
Baton Rouge, LA 70815
Park Forest/LA North
HIGHLIGHTS
- Lease Term: 12 Years Term Remaining on an Absolute Triple Net Lease With Zero Landlord Responsibility
- Strong Personal Guarantee From the CEO of IMTAA: a Successful Grocery Store and Convenience Store Operator
- High Yield Opportunity: Opportunity to Take Advantage of a High Yield Opportunity in a Higher Interest Rate Environment
- Rental Increases: Strong Hedge Against Inflation With 2% Annual Rent Increases
- Each Grocery Store is Strategically Located in Dense Residential Areas of Baton Rouge Which is Home to Over 223,000 Residents
- Baton Rouge, The Capital of Louisiana, is Home to Louisiana State University Which Enrolls Over 37,000 Students Each Year
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,385 SF Grocery Store Located at 12606 S Choctaw Drive in Baton Rouge, LA. This Deal Includes 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
FOR SALE DETAILS
PRICE
$2,621,000 USD
PRICE/SF
$355 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Grocery Store (S. Choctaw Dr)
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Supermarket, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.69 AC
LAND SF
30,056 SF
ZONING
C-2
APN/PARCEL ID
00928496
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678-713-4959
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