9827 Bluebonnet Blvd - Retail FOR SALE


Baton Rouge, LA 70810
$1,920,000 USD
949-270-8210
9827 Bluebonnet Blvd, Baton Rouge, LA for Sale
$1,920,000 USD
Retail - FOR SALE
1/8
null | 6.61% Cap Rate

9827 Bluebonnet Blvd
Baton Rouge, LA 70810


HIGHLIGHTS

  • Over 4 Years Remaining | Corporate Guaranteed | Options To Extend | Well-Known & Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Mall of Louisiana (1,559,000 SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Near Signalized, Hard Corner Intersection | I10 (122,000+ VPD) | Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Burger King investment property located in Baton Rouge, Louisiana. The tenant, GPS Hospitality, has over 4 years remaining on their current lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases that started in year 6 of the initial term and throughout the option periods, steadily growing NOI and hedging against inflation. The lease is an Absolute NNN lease with zero landlord responsibilities making it an ideal investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,920,000 USD

PRICE/SF

$792 USD /SF

CAP RATE

6.61%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King | Corp Abs NNN | DriveThru

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

General Commercial

APN/PARCEL ID

02459949

ASK ABOUT THIS PROPERTY

Brian WolfmanSRS Real Estate PartnersMore Info
949-270-8210

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Brian WolfmanSRS Real Estate PartnersMore Info
949-270-8210

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