For Sale
$2,250,000

9656 Burbank Dr Baton Rouge, LA 70808

High-yield retail investment, fully leased.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 12,000-square-foot shopping center at 9656 Burbank Drive, Baton Rouge, LA 70808 (APN 720992) presents a compelling investment opportunity. Priced at $2,250,000 ($187.50/sq ft), this multi-tenant property boasts a 6.50% cap rate and is currently 100% occupied under a modified lease with a remaining term of five years. The property is ideally situated near the busy intersection of Bluebonnet and Burbank Drive, benefiting from high traffic volume and proximity to a charter school and residential neighborhoods. The building features a lobby, retail storefront, teller window, two offices, kitchen, and bathroom, offering secure ground-floor entry. This impressive space is suitable for street retail or mixed-use purposes and presents significant potential for future growth. The property's location on Burbank Drive ensures high visibility and accessibility for businesses. This is a rare opportunity to acquire a fully leased, income-producing retail center in a prime Baton Rouge location. The property is categorized as a strip center.

Highlights

  • 12,000 SF strip center in Baton Rouge, LA, priced at $2,250,000 ($187.50/SF).
  • Features a lobby, retail storefront, teller window, two offices, kitchen, and bathroom with secure ground-floor entry.
  • Suitable for street retail or mixed-use; offers high visibility and accessibility on busy Burbank Drive.
  • Currently 100% occupied with a 5-year lease term and a 6.50% cap rate.
  • Located near a charter school and residential neighborhoods.

Property Details for 9656 Burbank Dr

Property type
Lifestyle centers, Power centers
Square Feet
12,000 SF

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4192451
Longitude
-91.1448981

FAQs

What type of property is this?
Lifestyle center - High-yield retail investment, fully leased.
Where is the lifestyle center located?
The property is located at 9656 Burbank Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 12,000 SF strip center in Baton Rouge, LA, priced at $2,250,000 ($187.50/SF).; Features a lobby, retail storefront, teller window, two offices, kitchen, and bathroom with secure ground-floor entry.; Suitable for street retail or mixed-use; offers high visibility and accessibility on busy Burbank Drive.
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9656 Burbank Dr
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