STNL Little Caesar's in Baker, LA (as Part of Portfolio)

Retail-Commercial for Sale
Catylist Listing ID: 30277327
Property Subtypes: Restaurant
Building Size (RSF): 2,100 SF
Gross Land Area: 1.10 Acres
Sale Price: $595,000
Unit Price: $283.33 PSF
In Opportunity Zone? Yes
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Average Occupancy Rate: 100
Last Updated: 8/13/2020

Overview / Comments

STNL Little Caesar's restaurant with drive-thru available for sale on busy high-traffic corner of Plank Rd. and Lavey Lane in Baker, LA. Located in a high-traffic area popular for fast-food. Completely remodeled in 2017. Quality AAA credit tenant. 5 year NNN lease with 3 5 year options. 10% increases every 5 years. 6.5% CAP rate. Corner lot with easy access to Plank Rd. and Lavey Lane with 184' frontage on Plank Road with lighted access. 25,680 traffic count cars per day. Renovated in 2016.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 11
Tax ID/APN: 728365
Tenancy: Single Tenant
Property Condition: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,317 28,055 78,736
Median Age: 34.24 33.75 34.32
Households: 1,615 9,204 27,313


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