5909 BLUEBONNET BLVD Baton Rouge LA 70836-5900

• Class “A” Power Center
• Best Buy & Buy Buy Baby Anchored
• New 10-year Haverty's Lease
• Stabilized (95% Occupied)
• Minimal Near Term Lease Rollover
• New Buy Buy Baby Lease
• Scheduled Rent Increases
• Strong Tenant Sales
• Includes Additional 15,000 Sq. Ft. Pad
• Adjacent to Mall of Louisiana
• Directly Adjacent to Highway Exit
• Excellent Visibility from Highway
• Easy Access from Highway
• 83,000+ Cars/Day on Highway I-10
• 400,000+ People within 10 Miles
• High Income Demographics
• Average HH Income: $86,825 (5 miles)

The Class ”A”, 135,367 S.F. center has a welcoming curb appeal and has frontage along heavily traveled Interstate 10. Additionally, the center has highly visible signage, also visible from Bluebonnet Blvd and I-10, along with ample parking (approx. 650 spaces). Its position in the market is central to other complimentary retailers and employers. The property has had many upgrades, but most recently in 2019, the inline portions of the center received a Duraline Silicone roof coating, while BuyBuy Baby had a new roof installed in 2017 and also a new roof over the Havertys space in 2016, both with long-term warranties.

The attributes to this property seem never ending, but if you are an investor that focuses on strong demographics, this asset is definitely for you! Bluebonnet Parc is located in an affluent community with average household incomes of over $105,000 within a 1-mile radius of the center and a high population density of 167,920 within 5-miles, which doesn’t even take into account the 34,290 students nearby that attend world-famous Louisiana State University, just 7 miles away. The area has a huge regional draw and is loaded with retailers and numerous popular entertainment venues. The property is conveniently adjacent to the Mall of Louisiana, a largely popular 1.6 million square foot complex, which is also the largest mall in Louisiana. The Mall of Louisiana sees more than 15 million visitors annually with foot traffic to the upscale merchandise mix that includes more than 180 specialty stores, 8 full-service restaurants, a 600-seat food court, carousel and 15-screen AMC and IMAX Theater. The mall also just opened a 16,000 S.F. Blue Zoo Aquarium, drawing even more people to this statewide hot spot. Within 2 miles of Bluebonnet Parc, Siegen Lane Marketplace, which hosts Lowe’s, Walmart Supercenter, Topgolf, TJMaxx, World Market, Kohl’s, Sam’s Club and more can be found, as well as Perkins Rowe Shopping Mall that boasts Cinemark and Freshmark and is directly next to Bluebonnet Village Shopping Center. For travelers to the area, the hotel options are plentiful and Downtown Baton Rouge (9 miles) is also nearby. Convenient access to the Baton Rouge Metropolitan Airport is just 14 miles north of the featured asset.

Being situated just 9 miles south of Baton Rouge, the vast employment base offers residents of the area a multitude of opportunities. Less than a 1/2 mile west of the featured asset is Baton Rouge General Medical Center with nearly 3,000 employees and just beyond is Our Lady of the Lake Hospital and Children's Hospital (affiliated with St. Jude Children's Research Hospital) that offers 6,000 employees to the region from their hospital system. Being the state’s capital and parish seat, Baton Rouge is home to the Louisiana government with over 64,580 employees and recently consolidated all branches of its state government downtown at the Capitol Park complex. The largest employer in Baton Rouge’s private sector is Amedisys Home Health and Hospice Care (3.5 miles) with 16,000 employees, followed by the second largest, Turner Construction, with 9,520 employees. Additionally, ExxonMobil established a huge presence in the area with approximately 6,000 employees. The company has six operations in the Port Allen and Baton Rouge areas and is the 4th largest refinery in the country and 10th largest in the world. Their local facilities include a refinery and manufacturing plants for chemicals, plastics, polyolefins, aviation, and lubricants. BASF, the chemical company, employs nearly 2,000 people at their four Louisiana sites, while BlueCross BlueShield of Louisiana also employs nearly 2,000 Louisianians at the Baton Rouge headquarters and in eight district offices across the state, one of which is directly across I-10. CB&I is the most complete energy infrastructure-focused company in the world and a major provider of government services and has more than 1,500 employees in Baton Rouge.​ IBM boasts 800 employees devoted to technology services for the downtown area.​ Other major corporations participating in the economy of Baton Rouge and its metropolitan statistical area include Lamar Advertising (3,200 employees), Piccadilly Restaurants (5,000 employees), Raising Cane's Chicken Fingers (1,410 employees), and Community Coffee, which is based in Baton Rouge and has 820 employees.​ In addition to the incredible population and business density, the area also boasts world-famous Louisiana State University (LSU) that is home to over 5,000 employees in a vast variety of positions to the more than 34,290 students attending the school, further feeding into the local economy.​ Given the property’s strategic placement and proximity to employees and residents; Bluebonnet Parc is positioned with great potential to generate substantial returns for years to come, along with additional upside being offered today.

• Multi-Tenant Class “A” Power Center Anchored By Best Buy, Havertys Furniture and BuyBuy Baby, Along With Other Strong Complimentary Retailers.
  
• 94% National Tenants with Corporately-Backed Leases and Upside Through Lease-Up of Two Remaining Vacant Units (13% Vacancy), Scheduled Rental Increases & Additional Developable 15,000 S.F. Pad Included.
• Attractive 8.15% CAP and 12.52% Projected Year-1 Cash-on-Cash Return
• Long-Term NNN Leases In Place with Minimal Near Term Rollover and Strong Leasing Traction
• Critical Flagship locations with Only BuyBuy Baby and Haverty’s Furniture Location in Baton Rouge with Next Closest Location 70+ Miles for BuyBuy Baby and Over 100 Miles to Next Closest Haverty Furniture, One of Two Market Locations for Best Buy and Unbelievable Strong Sales from Men’s Wearhouse Reporting Double the Chain’s Average Store Sales Volume
• 2nd Largest City in the State with Affluent Community: Average Household Incomes Over $105k Within a 1-Mile Radius and High Population Density of 167,920 Within 5-Miles.
• Dense Retail Corridor with Captive Audience: Adjacent to Mall of Louisiana (Largest Mall in Louisiana - 1.6 Million S.F. & 15 Million Annual Visitors) Home to a Who’s Who of National Tenants and a New Blue Zoo Aquarium (Opened April 1, 2021), 1 Mile to Siegen Lane Marketplace, Featuring Topgolf, Walmart Supercenter, Sam’s Club, TJMaxx, Lowe’s, Kohl’s, Bed Bath & Beyond; 1.5 Miles to Perkins Rowe Shopping Mall Anchored by Cinemark and Fresh Market; and Directly Next Bluebonnet Village Shopping Center
• Highly Visible Pylon Signage and Tremendous Traffic Counts: 48,600 VPD Along Bluebonnet Blvd. with Easy Access and
• Visibility to I-10 with 125,800 VPD Connecting to I-12 with 132,300 VPD.
• Recent Capital Upgrades Including Newer Roofs (Havertys & BuyBuy Baby Spaces) and Duraline Silicone Roof Coating Over Inline Space.
• Ideal Location Just 7 Miles East of World-Famous, Louisiana State University (LSU): Over 5,000 Employees and More Than 34,290 Students.
• State Capital & Parish Seat: One of the Largest Employers (64,580 Employees) in Baton Rouge, the State Government,
• Which Recently Consolidated All Branches of Government Downtown at the Capitol Park Complex (9 Miles).
• Strong, Diverse Employment Base: ExxonMobile’s Baton Rouge Refinery Complex is the 4th Largest in the Country and 10th Largest in the World with 6,000 Employees, Amedisys Home Health (16,000 Employees), Turner Construction (9,520 Employees), BASF (2,000 Employees), BlueCross BlueShield of Louisiana (1-Mile Directly Across I-10, 2,000 Employees), CB&I (1,500 Employees), IBM (800 Employees) Lamar Advertising (3,200 Employees), Piccadilly Restaurants (5,000 Employees), Raising Cane's Chicken Fingers (1,410 Employees) and Community Coffee, based in Baton Rouge (820 Employees).
• Close Proximity (1-Miles) to Baton Rouge General Medical Center with nearly 3,000 Employees, 2 Miles to Our Lady of the Lake Regional Medical Center and Children’s Hospital (6,000 Total Baton Rouge Employees) and 4 Miles to Woman's Hospital with 1,600 on Staff.