Kean's Shopping Center For Sale-8.5% Cap Rate-Fee Simple Interest

Retail-Commercial for Sale
Catylist Listing ID: 29953029
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 9,350 SF
Sale Price: $1,500,000
Unit Price: $160.43 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Kean's Shopping Center
Usable Size (USF): 9,350 SF
Sale Terms: Cash to Seller
Last Updated: 11/20/2017

Overview / Comments

Kean's Shopping Center for Sale-8.5% Cap Rate-Fee Simple Interest in Land-Shopping Center/Investment Property in excellent location on Jones Creek Rd. near Coursey Blvd. next to Sherwin Williams. Current tenants include Kean's, State Farm, and Courtney Black's Ballroom Dance Studio. High traffic and great visibility. 32 parking spaces. Drive thru. Well-maintained and landscaped. NNN Leases. Road work estimated completion is 3-4 months. Corner lighted access. Plenty of upside potential with ability to add on up to 2,400 SF of additional retail space or parking and wonderful access and exposure once the road work is complete. Great Opportunity!

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 43
Tax ID/APN: 1530680223
Zoning: C-2
Retail Clientele: General
Property Located Between: Coursey and Tiger Bend
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,637 71,988 166,724
Median Age: 38.69 35.41 36.51
Households: 4,746 29,492 67,426
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