1334 Florida St - Convenience Store FOR SALE
Baton Rouge, LA 70802 |
1334 Florida St
Baton Rouge, LA 70802
HIGHLIGHTS
- 20 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- 2% Annual Rent Increases Offers a Strong Hedge Against Inflation
- STRONG TENANT PROFILE - Fast Stop Management is a 20+ Unit C-Store Company That Had Gross Sales of +/-$70 million For 2022
- The Lease is Corporately Guaranteed By Fast Stop Management and Personally Guaranteed By the CEOs
- Fast Stop Management's Portfolio is Performing at a Healthy 3.06X Rent Coverage Ratio
- Strategically Located Less Than 1-Mile From Downtown Baton Rouge and Less Than 3-Miles From Louisiana State University
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Fast Stop
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Storefront Retail/Residential
TOTAL BUILDING SIZE
4670
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
12
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
00132675
