Leased Retail Investment

Retail-Commercial for Sale
Catylist Listing ID: 30463895
Property Subtypes: Mixed Use, Retail-Pad, Street Retail
Building Size (RSF): 1,461 SF
Gross Building Area: See Agent
Sale Price: $120,000
Unit Price: $82.14 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Common Point
Usable Size (USF): 1,461 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/3/2020

Overview / Comments

Leased Retail Suite located in Common Point Shopping Center. Space is leased on a primary term through July 31, 2022 with multiple options with escalations.

Very low maintenance facility as Condo Dues cover property insurance and exterior maintenance including roof.

Suite F-1 measures 1,461, zoned C-AB-2, located in Common Point Shopping Center.

Nice starter investment property. No lease-up uncertainty for risk adverse buyers.

Open floor plan - see floor plan attached.

Base Rent: $1,200/month
Condo Dues: $300/month paid quarterly
2018 Property Taxes: $1,918

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 43
Tax ID/APN: 003-5826-6
Zoning: C-AB-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,186 98,086 218,319
Median Age: 34.22 36.56 35.9
Households: 8,234 41,642 89,350
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.