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Grocery Store (N Foster Dr) - Baton Rouge, LA 2023 N Foster Dr 4,545 SF Retail Building Baton Rouge, LA 70806 $3,658,706 CAD ($805.00 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Lease Structure: 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
- Strong Demographics: Each Grocery Store is Strategically Located in Dense Residential Areas of Baton Rouge
- 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 4,545 SF Grocery Store Located at 2023 North Foster Drive in Baton Rouge, LA. This Deal Has 12 Years Term Remaining on an Absolute Triple Net Lease With Zero Landlord Responsibilities and a Strong Personal Guarantee From the CEO of IMTAA, 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
4,545 SF
Building Class
C
Year Built
2022
Price
$3,658,706 CAD
Price Per SF
$805.00 CAD
Cap Rate
8.50%
NOI
$311,085 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.70
Lot Size
0.15 AC
Opportunity Zone
Yes
Parking
20 Spaces (4.4 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- IMTAA
- Retailer
- 4,545 SF
- $68.44 CAD
- Apr 2036
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| IMTAA | Retailer | 4,545 SF | $68.44 CAD | Apr 2036 |
PROPERTY TAXES
| Parcel Number | 00248088 | Improvements Assessment | $50,723 CAD |
| Land Assessment | $714 CAD | Total Assessment | $51,437 CAD |
PROPERTY TAXES
Parcel Number
00248088
Land Assessment
$714 CAD
Improvements Assessment
$50,723 CAD
Total Assessment
$51,437 CAD
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Grocery Store (N Foster Dr) - Baton Rouge, LA | 2023 N Foster Dr
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