Listed by Matthews
$7,700,000
250 Main Street
Details
Property Type Retail
Square Footage 134,945
Cap Rate 8.50%
NOI $655,948
Occupancy 94.66%
Lease Type NNN
Remaining Term 10
Price per SqFt $61
Year Built 1982
Year Renovated 2007
Acreage 12.100
Ground Lease No
Grocery-Anchored 134,945 SF Shopping Center with 8.5% Cap Rate in Baton Rouge MSA
Investment highlights
- Grocery-anchored by the #3 Shoppers Value nationally
- Boasting a long-term lease through 2034 and almost 20 years of tenure at the Property
- Well-positioned at the signalized intersection of Lavey Ln and State Route 19 (30,800 VPD)
- Connecting Downtown Baton Rouge and Baton Rouge Metro Airport with myriad communities to the north, all the way into southern Mississippi
- Situated just north of downtown Baton Rouge – Louisiana’s state capital and a top SEC college town
- Low, replaceable rents provide insulation from any potential future volatility
- Home to a synergistic mix of low-cost providers, including Shoppers Value, Dollar General, Roses Express, Its Fashion Metro, and Affordable Home Furnishings
- Bolstering an almost 79% national and strong regional tenant roster
- Beneficial mix of national outparcel draws – Popeye’s, McDonald’s, Shell, AutoZone, Chevron, and Enterprise
- Helps drive consumer foot traffic to the Property throughout the day
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$655,948.00
$54,662.33/mo
Valuation Metrics
0
DSCR
8.52%
Cap Rate
8.52%
ROI
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