For Sale
$600,000

11954 Coursey Blvd Baton Rouge, LA 70816

High-Visibility Retail Center, 10% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 6,165 square foot, two-unit retail storefront building situated on a 0.54-acre lot at 11954 Coursey Blvd in Baton Rouge, Louisiana. The property, built in 1984, enjoys a prime location on a bustling retail and residential corridor, boasting high visibility and approximately 47,195 vehicles passing daily at the nearby intersection with S Sherwood Forest Blvd. Currently 100% occupied, the building features a NNN lease structure, providing a stable income stream. One suite is occupied by the current owner, who is open to a leaseback arrangement post-purchase, ensuring immediate cash flow. The property includes ample parking with approximately 25 spaces and a pylon sign for enhanced visibility. Located in flood zone X, this freestanding building offers 25 parking spaces and presents a compelling opportunity for investors seeking a strong return. The asking price is $600,000, representing a 10% capitalization rate. Detailed financial information, including rent rolls and expense reports, is available upon request. This property is an ideal addition to any retail portfolio.

Highlights

  • 100% occupancy; owner will consider a leaseback of Suite A.
  • High-visibility location in a strong retail and residential area.
  • Triple Net (NNN) leases.
  • 9% capitalization rate at the asking price, post-leaseback.

Property Details for 11954 Coursey Blvd

Property type
Retail properties, Retail space
Square Feet
6,165 SF
Year Built
1984
Lot Size (sq. ft)
23,522 SF
Units
2

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4108678
Longitude
-91.0470837

FAQs

What type of property is this?
Retail property - High-Visibility Retail Center, 10% Cap Rate
Where is the retail property located?
The property is located at 11954 Coursey Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 100% occupancy; owner will consider a leaseback of Suite A.; High-visibility location in a strong retail and residential area.; Triple Net (NNN) leases.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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11954 Coursey Blvd
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