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REDUCED FAST PACE BATON ROUGE LA
BEST URGENT CARE CURRENTLY ON THE MARKET
Listing Contacts
License: LA 0000043307, LA
Active
Asking Price: $2,442,816
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Address
1545 Millerville Rd, Baton Rouge, LA 70816
Show on MapDate Added
Oct 10, 2022
Days on Market
886 days
Time Since Last Update
128 days
Details
Property TypeRetail
SubtypePharmacy/Drug
Investment TypeNet Lease
Investment Sub TypeNNN
Lease TypeNNN
Tenant CreditCredit Rated
TenancySingle
Lease Term15 years
Lease Commencement12/15/2022
Lease Expiration10/15/2037
Remaining Term12.6 years
Square Footage3,600
Price/Sq Ft$678.56
Cap Rate6.25%
Occupancy100%
Occupancy Date12/15/2022
NOI$152,676
Year Built2022
Sale Condition1031 exchange
Marketing Description
Net leased single tenant investment occupied by Fast Pace Urgent care. Location is anchored by Super Target, Lowes, Best Buy, Office Depot Chili’s, Chic Fil A, PetSmart. Location is just off Interstate 12 in the capital city of Baton Rouge LA.
Investment Highlights
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NNN Lease
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15 yr initial term
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Escalations every 5 years
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Major anchors nearby
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Barrier to Entry
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Strong Credit
Valuation Calculator
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$152,676.00
$12,723.00/mo
Valuation Metrics
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0
DSCR
6.25%
Cap Rate
6.25%
ROI
Property History
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Due Diligence
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Listing Contacts
- License: LA 0000043307, LA
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In Person
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