3151 College Dr - Fast Food FOR SALE


Baton Rouge, LA 70808
$3,460,000 USD
713-452-4352
3151 College Dr, Baton Rouge, LA for Sale
$3,460,000 USD
Fast Food - FOR SALE
1/4
null | 7.51% Cap Rate

3151 College Dr
Baton Rouge, LA 70808


HIGHLIGHTS

  • Stabilized and Fully Occupied Asset: This retail center is 100% occupied, ensuring consistent cash flow from existing tenants.
  • National Tenant Presence: Filling the end caps are two national tenants, providing creditworthy income and attracting consistent consumer traffic.
  • Prime Location Near Walmart Supercenter: Strategically located, which serves as a major retail traffic driver in the area.
  • High Occupancy History: With limited retail space availability, this property has maintained a strong history of high occupancy rates.
  • Value-Add Opportunity: Additional land approved for storage development offers significant potential to enhance income and value.
  • Affluent Demographics: Avg HH Income within a 1-mile radius: $120,752. Situated 3 miles from Louisiana State University offers benefits.

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale College Creek Retail, a 11,821-square-foot shopping center located at 3151 College Drive in Baton Rouge, Louisiana. College Creek Retail is offered for sale at a price of $3,460,000, which is a 7.51 percent cap rate. The subject property is a fully stabilized center with additional land, which has been approved for storage development, offering significant value-add potential. A buyer could also add value by switching the gross leases to triple-net leases. The subject property is located in an affluent area, near Louisiana State University. It is also in a strategic location near a Walmart Supercenter as well as other premium national retailers, such as Trader Joe’s, Sprouts, Albertson’s, and Chick-fil-A.

FOR SALE DETAILS

PRICE

$3,460,000 USD

PRICE/SF

$315 USD /SF

CAP RATE

7.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

College Creek Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

GC

APN/PARCEL ID

02462001

ASK ABOUT THIS PROPERTY

Cole VoylesMarcus & MillichapMore Info
713-452-4352

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Cole VoylesMarcus & MillichapMore Info
713-452-4352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.