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Winn Dixie 1830 W Airline Hwy 81,644 SF Retail Building La Place, LA 70068 $13,489,193 CAD ($165.22 CAD/SF) 7% Cap Rate



INVESTMENT HIGHLIGHTS
- Well-established grocery location totaling ±81,644 SF on ±7.00 AC
- Absolute NNN lease with zero landlord responsibilities
- Property underwent a renovation in 2018, enhancing long-term operational reliability
- Long-term corporate tenant (Winn-Dixie) with a 28-year operating history
- 6.25-Years remaining on the base term of the lease
- 5-Mile Population of 40,035 residents with an average household income of $77,650 annually
EXECUTIVE SUMMARY
Broker of Record
Donnie Jarreau
License # BROK.995704351-CORP (LA)
Jarreau Real Estate
16173 Perkins Road Baton Rouge, LA 70810
(866) 889-0550
Donnie Jarreau
License # BROK.995704351-CORP (LA)
Jarreau Real Estate
16173 Perkins Road Baton Rouge, LA 70810
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
81,644 SF
Building Class
B
Year Built/Renovated
1997/2018
Price
$13,489,193 CAD
Price Per SF
$165.22 CAD
Cap Rate
7%
NOI
$944,243 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
7.00 AC
Zoning
Commercial District 1
Parking
331 Spaces (4.05 Spaces per 1,000 SF Leased)
AMENITIES
- Signalized Intersection
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0400461300 | Improvements Assessment | $879,955 CAD |
| Land Assessment | $488,922 CAD | Total Assessment | $1,368,877 CAD |
PROPERTY TAXES
Parcel Number
0400461300
Land Assessment
$488,922 CAD
Improvements Assessment
$879,955 CAD
Total Assessment
$1,368,877 CAD
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Winn Dixie | 1830 W Airline Hwy
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