NNN Mid-City Little Caesar's For Sale (as part of Portfolio)

Retail-Commercial for Sale
Catylist Listing ID: 30277326
Property Subtypes: Restaurant
Building Size (RSF): 1,350 SF
Gross Land Area: 0.41 Acres
Sale Price: $695,000
Unit Price: $514.81 PSF
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN)
Building Name: Little Caesar's
Sale Terms: Cash to Seller
Cap Rate: 5.6%
Last Updated: 8/13/2020

Overview / Comments

STNL Little Caesar's restaurant with drive-thru available for sale in Baton Rouge's booming Mid-City neighborhood. Located in a high-growth rapidly transitioning area known as the Magazine St. of Baton Rouge with tenant's business profits/sales on a steady rise. Quality AAA credit tenant. 5 year NNN lease with 3 5 year options. 10% increases every 5 years. 5.6% CAP rate. Corner lot with easy access to Capital Heights neighborhood and Government St. 134' frontage on Glenmore and 133' frontage along Government St. Very Walkable neighborhood. 21,298 traffic count cars per day. Located near Curbside Burgers, Calandro's and La Caretta.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 60
Tax ID/APN: 575992
Zoning: C-2
Retail Clientele: General, Family, Business, Recreation
Property Located Between: Glenmore & Ingleside
Property Visibility: Excellent
Feet of Frontage: 133
Traffic/Vehicle Count: 21,298
Site Description: 0.41 Acres
Area Description: Baton Rouge's Mid-City
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,333 SF
Property Condition: Excellent
Year Built: 2012
Total Parking Spaces: 16
Parking Ratio: 7.8 (per 1000 SF)
Parking Type: Surface
Zoning Description: C-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,933 97,992 207,867
Median Age: 35.28 33.7 33.81
Households: 8,096 40,645 84,480


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