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13365 Coursey Blvd
Baton Rouge, LA 70816
Shopping Center for Sale on Coursey Blvd. · Retail Property For Sale
Investment Highlights
- The property is located in a highly trafficked, dense residential area which fully utilizes both of these tenant services.
Executive Summary
Shopping Center For Sale
• Three (3) Tenants - Papa John's, General Office, & Ethnic Store
• Located in Highly Trafficked and Dense Residential Area.
• Zoned C-2
• NOI - $90,022.00
• Asking 6.5% CAP or $1,384,950.00
• Papa John's Leased Two Offices and just executed option thru 2030. They've been there 25 years.
• Ethnic Store has 5 year term thru 2030
• Office has 3 year lease thru 2028
• Rent Roll Available Upon Request
• Three (3) Tenants - Papa John's, General Office, & Ethnic Store
• Located in Highly Trafficked and Dense Residential Area.
• Zoned C-2
• NOI - $90,022.00
• Asking 6.5% CAP or $1,384,950.00
• Papa John's Leased Two Offices and just executed option thru 2030. They've been there 25 years.
• Ethnic Store has 5 year term thru 2030
• Office has 3 year lease thru 2028
• Rent Roll Available Upon Request
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,790 SF
Building Class
B
Year Built
1990
Price
$1,901,675 CAD
Price Per SF
$328.44 CAD
Cap Rate
6.50%
NOI
$123,609 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.55 AC
Zoning
C-1 - COMMERCIAL
Parking
22 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
100’ on Coursey Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 01028804 | Improvements Assessment | $36,890 CAD |
| Land Assessment | $15,222 CAD | Total Assessment | $52,113 CAD |
Property Taxes
Parcel Number
01028804
Land Assessment
$15,222 CAD
Improvements Assessment
$36,890 CAD
Total Assessment
$52,113 CAD
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