$2,621,000 USD
678-713-4959
2023 N Foster Dr
Baton Rouge, LA 70806
Mid City Baton Rouge
HIGHLIGHTS
- Lease Structure: 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
- Strong Demographics: Each Grocery Store is Strategically Located in Dense Residential Areas of Baton Rouge
- 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 4,545 SF Grocery Store Located at 2023 North Foster Drive in Baton Rouge, LA. This Deal Has 12 Years Term Remaining on an Absolute Triple Net Lease With Zero Landlord Responsibilities and a Strong Personal Guarantee From the CEO of IMTAA, 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
$577 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Grocery Store (N Foster Dr) - Baton Rouge, LA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Department Store
ADD'L SUBTYPES
Freestanding, Storefront, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.15 AC
LAND SF
6,450 SF
ZONING
-
APN/PARCEL ID
00248088
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678-713-4959
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