2142 O'neal LnBaton Rouge, LA 70816

Property Details for 2142 O'neal Ln

Lot size

6.51 AC

Property size (Sq ft)

73,606 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a 73,606 square foot shopping center in Baton Rouge, Louisiana, anchored by a Dollar Tree and featuring 12 additional tenants. Located at 2142 O'Neal Lane, this prime retail property boasts a 7.44% cap rate and a net operating income (NOI) of $589,404, with an asking price of $7,920,000. The property sits on a 6.508-acre lot, offering significant visibility and accessibility due to its location near Interstate 12, Walmart Supercenter, and Aldi Grocery. The center benefits from high traffic counts generated by nearby national retailers and Ochsner Medical Center. This multi-tenant shopping center includes 16 units and features two signalized entrances. An optional 13,000 square foot outparcel, valued at $260,000, is also available for purchase. Furthermore, an adjacent 1.487-acre vacant land parcel is available for $400,000, presenting additional development potential. All tenants are credit-rated, ensuring a stable income stream. The property's strong financials, prime location, and expansion possibilities make it an attractive investment for discerning buyers. Detailed lease information is available upon request.

Location Insight

City

Baton Rouge

County

East Baton Rouge Parish

State

Louisiana

Latitude

30.4368

Longitude

-91.0076

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