For Sale
$3,849,000

8620 Airline HwyBaton Rouge, LA 70815

Planet Fitness Sale-Leaseback, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
113
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
8620 Airline Hwy, Baton Rouge, Louisiana

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8620 Airline Hwy
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