Grocery Store (Scenic Hwy) - Baton Rouge, LA
Grocery Store | Baton Rouge, LA | 8.50% CAP | ABS NNN
Marketing description
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.
Investment 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
Strong Demographics: Each Grocery Store is Strategically Located in Dense Residential Areas of Baton Rouge, Which is Home to Over 223,000 Residents
Growing Market: Baton Rouge, The Capital of Louisiana, is Home to Louisiana State University, Which Enrolls Over 37,000 Students Each Year
Location: Nearby National Tenants Include: McDonald's, Advance Auto Parts, Subway, Dollar General, IHOP, Krispy Kreme, Lowe's Home Improvement, The Home Depot, Academy Sports + Outdoors, Popeyes Louisiana Kitchen, Papa Johns Pizza and More
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