For Sale
$2,100,000

9469 Airline HwyBaton Rouge, LA 70815

Baton Rouge Shopping Center - 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 20,370-square-foot shopping center in Baton Rouge, Louisiana, presents a compelling investment opportunity. Located at 9469-9489 Airline Highway (US 61), this single-story property boasts high visibility and accessibility, with 59,272 cars passing daily. The center is fully occupied by six diverse tenants: Mattress Direct, Regal Credit, B'Vogue Cache, Destiny's Hair, Beacon Images, and Kode 3 Performance. The property sits on 1.03 acres of land and offers two convenient ingress/egress points. Its strategic location between Interstate 12 and Florida Boulevard (US 190), just one mile south of Amazon's new fulfillment center, ensures strong traffic and future growth potential. The asking price is $2,100,000, representing a price per square foot of $103.09 and an attractive 8.47% cap rate, based on a net operating income (NOI) of $177,954. This 100% leased, stabilized asset provides a rare chance to acquire a well-constructed, multi-tenant retail center in a prime Baton Rouge location. The property's strong tenant mix and high occupancy rate make it an ideal investment for those seeking stable income and long-term appreciation. The zip code is 70815.

Highlights

  • 20,370-square-foot shopping center in Baton Rouge, LA.
  • Located at 9469-9489 Airline Highway (US 61), with 59,272 cars passing daily.
  • Fully occupied by six diverse tenants.
  • Situated on 1.03 acres with two ingress/egress points.
  • Prime location near I-12, US 190, and Amazon's new fulfillment center.
  • Asking price: $2,100,000 ($103.09/SF, 8.47% cap rate, $177,954 NOI).

Property Details for 9469 Airline Hwy

Property type
Lifestyle centers, Power centers
Square Feet
20,370 SF
Stories
1
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4383889
Longitude
-91.0847346
9469 Airline Hwy, Baton Rouge, Louisiana

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9469 Airline Hwy
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