Little Caesar's Shopping Center for Sale (as part of Portfolio)

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30274521
Property Subtypes: Neighborhood Center, Net Leased, Strip Center, Other
Building Size (RSF): 4,700 SF
Gross Land Area: 0.99 Acres
Sale Price: $1,570,000
Unit Price: $334.04 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Little Caesar's Shopping Center
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 9/25/2018

Overview / Comments

Little Caesar's Anchored Multi-Tenant Four-Unit Strip Center with Dual Drive-Thru. Constructed in 2014. Available as part of Six (6) Property Portfolio. Five (5) year lease terms with Three (3) Five (5) year options. Minimum Ten (10%) percent increases every Five (5) Years. Highly Trafficked Location along Strong Retail Corridors. 131+ unit operator as anchor tenant with strong credit history $167 annually operating Five (5) fast casual concepts across the nation. Largest franchisee in the country. Stable tenancy. South Baton Rouge New Construction Retail Center Available for Sale located on Perkins Rd. between Essen Ln. and Bluebonnet Blvd. Baton Rouge MSA is strong high-growth tertiary retail market. Other tenants include Planet Nutrition, Orchid Nails, and Polaris Spa.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 53
Zoning: C-2
Market Type: Medium
Retail Clientele: General
Property Located Between: Essen & Bluebonnet
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2014
Roof Type: Flat
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,125 75,316 194,575
Median Age: 36.48 36.33 35.37
Households: 2,152 32,605 83,379

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