Coursey Building
Property can convey with or without tenant
Marketing description
Experience salon operator, with a newly built-out salon suite in Baton Rouge. Current lease generates NOI of $38,678; however, there is flexibility in term, if new owner prefers to execute new lease term with tenant or operate as an owner/operator for the premises.
Premises is zoned for office and retail, allowing for a variety of use. Along the strip includes the following uses: medical office, dental clinic, coffee shop, nail salon, salon suites, and more!
Perfect for an investor or owner-operator!
Investment highlights
Salon Suites Investment Opportunity
Discover a lucrative investment with a newly executed lease at 12055 Coursey Blvd, Baton Rouge, LA. This gem features a five-year base term, generating $3,500/month plus modified NNN with a 5% annual rent escalation. The property requires minimal upkeep as the tenant covers most operating expenses.
Boasting an ideal location off a major road with high visibility, this property offers immediate cash flow. Recent upgrades like repaired HVAC, fresh paint, and new flooring add to its appeal, ensuring a hassle-free investment experience.
With a robust net operating income of $38,678.64 and a solid 6.72% CAP rate, this investment guarantees long-term financial stability. Don't miss this rare chance to secure a thriving investment in a prime location with a reliable tenant in place.
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