5905 Florida BlvdBaton Rouge, LA 70806

Property Details for 5905 Florida Blvd

Property size (Sq ft)

144,890 SF

Property type

Retail properties

Property subtype

Neighborhood centers

Description

Ardenwood Shopping Center, a vibrant neighborhood center in Baton Rouge, offers an exceptional retail investment opportunity. Located at the highly visible, signalized intersection of Florida Boulevard and Ardenwood Drive, this center boasts impressive daily traffic counts of approximately 50,000 vehicles. Currently undergoing a significant transformation, the center features a new 43,000 square foot Rouses Grocery store under construction, serving as a strong anchor tenant. A total of 32,517 square feet of retail space is immediately available, divisible into units ranging from a minimum of 12,000 to a maximum of 20,000 contiguous square feet. The property includes ample parking with over 400 spaces and a newly updated 30-foot pylon sign, ensuring high visibility for tenants. Building features include 16' to 18' ceiling heights and column spacing detailed in the as-built floor plans. The lease rate is $12.00 per square foot, NNN, with net charges of $2.00 per square foot. Additionally, a 0.716-acre outparcel is available for ground lease at an annual rate of $90,000. The property is zoned C-2 (Heavy Commercial) and is conveniently located just one mile from Amazon's new 3,800,000 square foot fulfillment center, ensuring a strong and growing customer base. Space is available May 1, 2023. This prime location, combined with the ongoing revitalization and strong anchor tenant, presents a compelling opportunity for businesses seeking high-traffic exposure in a thriving area.

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.453

Longitude

-91.1289

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