Grocery Store (S. Choctaw Dr) - 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 7,385 SF Grocery Store Located at 12606 S Choctaw Drive in Baton Rouge, LA. This Deal Includes 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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