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1575 Nicholson Dr
Baton Rouge, LA 70802
Enterprise Rent-A-Car | Recent Extension · Retail Property For Sale
Investment Highlights
- Brand New 5-Year Lease Extension | Scheduled Rental Increases
- Prime Baton Rouge Location | Strong Traffic & Retail Synergy
- NN Lease | Fee Simple Ownership
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Enterprise investment property located in Baton Rouge, Louisiana. The tenant, Enterprise recently exercised their lease for 5 years with 2 (5-year) options remaining, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,563 SF
Building Class
C
Year Built
2006
Price
$1,521,934 CAD
Price Per SF
$973.73 CAD
Cap Rate
6%
NOI
$91,316 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial
Parking
32 Spaces (20.47 Spaces per 1,000 SF Leased)
Frontage
122’ on Nicholson Dr
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 02321238 | Improvements Assessment | $21,632 CAD |
| Land Assessment | $23,957 CAD | Total Assessment | $45,588 CAD |
Property Taxes
Parcel Number
02321238
Land Assessment
$23,957 CAD
Improvements Assessment
$21,632 CAD
Total Assessment
$45,588 CAD
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