Shopper's Value - Investment Property
Retail-Commercial
for Sale
| Catylist Listing ID: |
30819100 |
| Property Subtypes: |
Free-Standing Building
|
| Building Size (RSF): |
50,388 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$4,315,000 |
| Unit Price: |
$85.64 PSF |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
8.0% |
| Last Updated: |
9/7/2023 |
Overview / Comments
|
Shopper's Value Grocery Store on Old Hammond is available for sale. The grocery tenant is a local operator with multiple stores. The lease is NNN lease with a few years left on the term, but the current operator may be interested in extending early with a Landlord contribution. Great cap rate, low price/foot, and good location in greater Baton Rouge. See OM for additional details, do not disturb tenant as this is an operating business.
|
Additional Details
| Nearest MSA: |
Baton Rouge |
| County: |
East Baton Rouge |
| Submarket/Township: |
42 |
| Tax ID/APN: |
009-6319-4 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,238 |
89,010 |
172,069 |
| Median Age: |
35.31 |
35.23 |
36.42 |
| Households: |
5,610 |
35,518 |
69,151 |
|
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