6708 Scenic Hwy, Baton Rouge, LA 70807

7,700 SF | Retail Building | Baton Rouge, LA 70807 | $2,621,600 ($340/SF) | 8.50% Cap Rate

Asking Price $2,621,600

Property Type: Retail
Square Feet: 7,700 SF
Price / Square Foot: $340

Listing Contacts

Property Info

Property Overview

Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,700 SF Grocery Store (Scenic Hwy) Located at 6708 Scenic Highway in Baton Rouge, LA. This Deal Includes a 12-Years Term Remaining on an Absolute Triple Net Lease With Zero Landlord Responsibility, 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

Property Details

Year Built: 2022
Stories: 1
Property Subtype: Grocery/Convenience Store

Highlights

Lease Term: 12-Years Term Remaining on an Absolute Triple Net Lease With Zero Landlord Responsibility
Strong Guarantee: Strong Personal Guarantee From the CEO of IMTAA: a Successful Grocery Store and Convenience Store Operator
High Yield Opportunity: Opportunity to Take Advantage of a High Yield Opportunity in a Higher Interest Rate Environment
Rental Increases: Strong Hedge Against Inflation With 2% Annual Rent Increases
Each Grocery Store is Strategically Located in Dense Residential Areas of Baton Rouge, Which is Home to Over 223,000 Residents
Baton Rouge, The Capital of Louisiana, is Home to Louisiana State University, Which Enrolls Over 37,000 Students Each Year

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