For Sale
$3,849,000

8620 Airline Hwy Baton Rouge, LA 70815

Planet Fitness Sale-Leaseback, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional Class A retail property in Baton Rouge, Louisiana, presents a unique investment opportunity. The 45,198 square foot building sits on a 4.7-acre lot at the Airline Hwy/Florida Blvd interchange, a high-traffic area. The property features a 23,000 square foot space occupied by a Planet Fitness under a sale-leaseback agreement, providing immediate positive cash flow. An additional 22,198 square feet of vacant space offers significant value-add potential. This space includes two truck wells, making it suitable for various businesses. The property boasts 238 parking spaces and is zoned C2. The single-story building is comprised of two units and is currently 51% occupied. The asking price is $3,849,000, translating to $85.16 per square foot. This NNN lease structure minimizes landlord responsibilities, making it an attractive investment for those seeking a low-maintenance, high-return property. The property's prime location and the presence of a national tenant make it an ideal investment for both experienced and new investors. Serious inquiries only.

Highlights

  • $3,849,000 asking price for a 45,198 SF retail property.
  • Class A, single-tenant, NNN lease with Planet Fitness occupying 23,000 SF.
  • Sale-leaseback opportunity with an additional 22,198 SF vacant space available for lease or owner-operator use.
  • Located in Baton Rouge, LA at a high-traffic intersection (Airline Hwy/Florida Blvd).
  • 4.7-acre lot with 238 parking spaces and C2 zoning.

Property Details for 8620 Airline Hwy

Property type
Lifestyle centers, Power centers
Square Feet
45,198 SF
Class
A
Buildings
1
Stories
1
Lot Size (sq. ft)
204,732 SF
Units
2

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4503286
Longitude
-91.0972335

FAQs

What type of property is this?
Lifestyle center - Planet Fitness Sale-Leaseback, High-Traffic Location
Where is the lifestyle center located?
The property is located at 8620 Airline Hwy Baton Rouge, LA.
What is the asking price?
The asking price for this property is $3,849,000.
What are key features of this property?
This property features: $3,849,000 asking price for a 45,198 SF retail property.; Class A, single-tenant, NNN lease with Planet Fitness occupying 23,000 SF.; Sale-leaseback opportunity with an additional 22,198 SF vacant space available for lease or owner-operator use.
How can I contact the broker?
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8620 Airline Hwy
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