1575 Nicholson Dr - Freestanding FOR SALE


Baton Rouge, LA 70802- Highlands/Perkins
$1,116,000 USD
858-603-8436
1575 Nicholson Dr, Baton Rouge, LA for Sale
$1,116,000 USD
Freestanding - FOR SALE
1/10
null | 6% Cap Rate

1575 Nicholson Dr
Baton Rouge, LA 70802
Highlands/Perkins


HIGHLIGHTS

  • Brand New 5-Year Lease Extension | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership
  • Prime Baton Rouge Location | Strong Traffic & Retail Synergy
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Enterprise investment property located in Baton Rouge, Louisiana. The tenant, Enterprise recently exercised their lease for 5 years with 2 (5-year) options remaining, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$1,116,000 USD

PRICE/SF

$714 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Enterprise Rent-A-Car | Recent Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,929 SF

ZONING

C-1

APN/PARCEL ID

02321238

ASK ABOUT THIS PROPERTY

Ryan TomkinsSRS Real Estate PartnersMore Info
858-603-8436

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Ryan TomkinsSRS Real Estate PartnersMore Info
858-603-8436

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.