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: $575,000
Unit Price: $273.81 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 9/25/2018

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. 7% 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.

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Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 11
Tax ID/APN: 728365

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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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