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7808 Greenwell Springs Rd
Baton Rouge, LA 70814
Retail Property For Sale
Investment Highlights
- Freestanding 4,991 SF convenience store with fuel positioned along a high-traffic retail corridor in Baton Rouge.
- 2% annual rent increases provide reliable income growth throughout the lease term.
- Dense trade area with 175,000 residents and 71,000 households within five miles, averaging $68,000 household income.
- 20-year Absolute NNN lease with zero landlord responsibilities and four 5-year renewal options.
- Recently renovated in 2024, ensuring modernized facilities and long-term operational efficiency.
- Strong traffic counts with 22,000 VPD on Greenwell Springs Road and 50,000 VPD on Highway 190.
Executive Summary
Fortis Net Lease presents an opportunity to acquire a 4,991-square-foot freestanding Fast Stop Express convenience store and fuel station located at 7808 Greenwell Springs Road in Baton Rouge, Louisiana. This property is strategically positioned at the intersection of two heavily traveled corridors, benefiting from approximately 22,000 vehicles per day on Greenwell Springs Road and 50,000 vehicles per day on Highway 190. The location offers exceptional visibility and accessibility, serving a dense and economically active consumer base within the northeastern Baton Rouge trade area.
The asset is secured by a 20-year Absolute NNN lease with Fast Stop Express, a rapidly growing regional operator with over 72 locations across Louisiana, Texas, and New Mexico. The lease structure provides zero landlord responsibilities and includes four 5-year renewal options, along with 2% annual rent increases, ensuring consistent income growth. Current Net Operating Income is $149,816, reflecting a 7.5% cap rate on the $2,000,000 asking price.
This investment offers long-term stability and predictable cash flow in one of Louisiana’s most dynamic markets. The property’s location within a thriving retail corridor, combined with strong traffic counts and favorable demographics, positions it as a compelling addition to any net lease portfolio.
The asset is secured by a 20-year Absolute NNN lease with Fast Stop Express, a rapidly growing regional operator with over 72 locations across Louisiana, Texas, and New Mexico. The lease structure provides zero landlord responsibilities and includes four 5-year renewal options, along with 2% annual rent increases, ensuring consistent income growth. Current Net Operating Income is $149,816, reflecting a 7.5% cap rate on the $2,000,000 asking price.
This investment offers long-term stability and predictable cash flow in one of Louisiana’s most dynamic markets. The property’s location within a thriving retail corridor, combined with strong traffic counts and favorable demographics, positions it as a compelling addition to any net lease portfolio.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
4,991 SF
Building Class
C
Year Built/Renovated
1984/2024
Price
$2,821,400 CAD
Price Per SF
$565.30 CAD
Cap Rate
7.50%
NOI
$211,605 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.79 AC
Zoning
Commercial - Commercial Zoned District
Parking
30 Spaces (6.01 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Pylon Sign
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 00114316 | Improvements Assessment | $290,604 CAD |
| Land Assessment | $50,785 CAD | Total Assessment | $341,389 CAD |
Property Taxes
Parcel Number
00114316
Land Assessment
$50,785 CAD
Improvements Assessment
$290,604 CAD
Total Assessment
$341,389 CAD
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