6708 Scenic Hwy - Convenience Store FOR SALE
Baton Rouge, LA 70807 |
$2,621,600 USD
678-713-4959
6708 Scenic Hwy
Baton Rouge, LA 70807
HIGHLIGHTS
- Lease Term: 12-Years Term Remaining on an Absolute Triple Net Lease With Zero Landlord Responsibility
- Strong Guarantee: 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 7,700 SF Grocery Store (Scenic Hwy) Located at 6708 Scenic Highway in Baton Rouge, LA. This Deal Includes a 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
$2,621,600 USD
PRICE/SF
$340 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Grocery Store (Scenic Hwy) - Baton Rouge, LA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Supermarket, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.79 AC
LAND SF
34,360 SF
ZONING
-
APN/PARCEL ID
00239631
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678-713-4959
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678-713-4959
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