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Grocery Store (S. Choctaw Dr) 12606 S Choctaw Dr 7,385 SF Retail Building Baton Rouge, LA 70815 $3,656,819 CAD ($495.17 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Lease Term: 12 Years Term Remaining on an Absolute Triple Net Lease With Zero Landlord Responsibility
- High Yield Opportunity: Opportunity to Take Advantage of a High Yield Opportunity in a Higher Interest Rate Environment
- Each Grocery Store is Strategically Located in Dense Residential Areas of Baton Rouge Which is Home to Over 223,000 Residents
- Strong Personal Guarantee From the CEO of IMTAA: a Successful Grocery Store and Convenience Store Operator
- Rental Increases: Strong Hedge Against Inflation With 2% Annual Rent Increases
- Baton Rouge, The Capital of Louisiana, is Home to Louisiana State University Which Enrolls Over 37,000 Students Each Year
EXECUTIVE SUMMARY
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
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,385 SF
Building Class
B
Year Built
2000
Price
$3,656,819 CAD
Price Per SF
$495.17 CAD
Cap Rate
8.50%
NOI
$310,925 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.69 AC
Zoning
C-2 - Commercial
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- IMTAA
- Retailer
- 7,385 SF
- $42.11 CAD
- Apr 2036
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| IMTAA | Retailer | 7,385 SF | $42.11 CAD | Apr 2036 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00928496 | Improvements Assessment | $29,706 CAD |
| Land Assessment | $7,923 CAD | Total Assessment | $37,628 CAD |
PROPERTY TAXES
Parcel Number
00928496
Land Assessment
$7,923 CAD
Improvements Assessment
$29,706 CAD
Total Assessment
$37,628 CAD
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Grocery Store (S. Choctaw Dr) | 12606 S Choctaw Dr
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