9728 Sullivan RdBaton Rouge, LA 70818

  • Retail properties
  • 1,421 SF
For Sale
$1,250,000 View listing

Property Details for 9728 Sullivan Rd

Year built
2023
Lot size
0.53 AC
Property size (Sq ft)
1,421 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity presents a 14-year remaining term on a brand-new, 1,421 square foot Take 5 Oil Change ground lease in Baton Rouge, Louisiana. Located on a 0.53-acre lot at 9728 Sullivan Rd, this property boasts a prime location with high visibility and accessibility along a major thoroughfare (29,216 AADT). The 2023-built facility benefits from a corporate guarantee and a 15-year initial lease term commencing August 15, 2023, and expiring August 31, 2038. The lease includes rent bumps, ensuring consistent income growth. The property generates a strong NOI of $75,000, representing a 6.00% cap rate on the $1,250,000 asking price. This absolute NNN lease offers a passive income stream with minimal landlord responsibilities. The strategic location within a thriving retail corridor, adjacent to a Walmart Supercenter and surrounded by other national brands like ALDI, CVS, and numerous restaurants, ensures a large and reliable customer base. Furthermore, the property's proximity to substantial residential developments, including The Settlement on Shoe Creek, contributes to its strong potential for continued growth. The affluent demographics, with an average household income exceeding $117,459 within a three-mile radius, further enhance the investment's appeal. This is a compelling opportunity for a 1031 exchange.

9728 Sullivan Rd, Baton Rouge, Louisiana

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.538
Longitude
-91.0282

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