For Sale
$621,000

8818 Scotland AveBaton Rouge, LA 70807

High-yield retail property, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 6,400-square-foot retail property located at 8818 Scotland Ave, Baton Rouge, LA 70807, in East Baton Rouge Parish. Currently operating as a thriving convenience store and meat market, the property boasts a 100% occupancy rate since February 1, 2023, with a 15-year lease commencing December 1, 2023, and expiring November 30, 2038. The lease includes two 5-year renewal options and a 10% rent increase every five years, ensuring consistent income growth. The property's Net Operating Income (NOI) is $57,398, resulting in an attractive 9.24% capitalization rate. The tenant is responsible for all operating expenses (NN lease), including insurance, maintenance, and utilities

Highlights

  • 15-Year Lease with 10% Rent Increases Every 5 Years
  • Net Lease Structure

Property Details for 8818 Scotland Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
6,400 SF
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.527042042651
Longitude
-91.180018977147
8818 Scotland Ave, Baton Rouge, Louisiana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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 unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8818 Scotland Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message