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

Shopping Center for Sale
Catylist Listing ID: 30274561
Property Subtypes: Neighborhood Center, Net Leased, Strip Center
Building Size (RSF): 2,432 SF
Gross Land Area: 0.30 Acres
Sale Price: $685,000
Unit Price: $281.66 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Little Caesar's Shopping Center
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 10/14/2019

Overview / Comments

2014 New Construction Retail Shopping Center Available for Sale (as part of a 6 unit Portfolio) at the hard corner of Joor Rd. and Hooper Rd. in booming Central. Suite A is leased to Little Caesar's (largest franchise operator in the nation) 5 year lease with 3 5 year options. 10% increases every 5 years. Suite B is 1,100 SF leased to I-Nails & Spa with potential for drive-thru. High traffic. High Visibility.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 22
Tax ID/APN: 2014173
Zoning: C-2
Market Type: Medium
Retail Clientele: General
Property Located Between: Hooper & Joor
Property Visibility: Excellent
Property Condition: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,457 20,038 79,895
Median Age: 46.39 41.06 35.66
Households: 571 7,687 28,965

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