9827 Bluebonnet BlvdBaton Rouge, LA 70810

Property Details for 9827 Bluebonnet Blvd

Year built

2007

Lot size

0.87 AC

Property size (Sq ft)

2,425 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee simple interest (land and building) in a thriving Burger King restaurant located at 9827 Bluebonnet Blvd, Baton Rouge, LA 70810. The 2,425 square foot property, built in 2007, sits on a 0.87-acre lot and boasts 87 parking spaces. Currently operating under a 20-year NNN lease with a corporate guarantee from GPS Hospitality, the lease commenced September 7, 2007, and expires September 6, 2027, with four remaining 5-year renewal options. The lease includes 2% annual rent increases beginning in year six, ensuring consistent NOI growth. The property enjoys a 100% occupancy rate, generating a Net Operating Income (NOI) of $126,824, resulting in a 6.61% cap rate and a price per square foot of $791.75. The asking price is $1,920,000. This prime location benefits from high visibility at a signalized intersection of Bluebonnet Blvd and State Hwy 42 (47,000 VPD), proximity to the Mall of Louisiana (1,559,000 SF), and a dense retail corridor with strong national tenants. The 5-mile trade area boasts over 111,000 residents and 119,000 employees, with a 3-mile radius average household income exceeding $117,466. The property is zoned for general commercial use and features a convenient drive-thru. This is an ideal passive investment opportunity with zero landlord responsibilities.

Location Insight

City

Baton Rouge

County

East Baton Rouge Parish

State

Louisiana

Latitude

30.3561

Longitude

-91.1087

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