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: 11/28/2022

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.

Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 42
Tax ID/APN: 009-6319-4

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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

Contact

Photograph of Listing Agent

Jonathan Walker

Maestri-Murrell Inc Baton Rouge, LA 70809-2437
LACDB Member
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