7808 Greenwell Springs Rd - Service Station FOR SALE


Baton Rouge, LA 70814- Park Forest/LA North
$2,000,000 USD
248-419-3286
7808 Greenwell Springs Rd, Baton Rouge, LA for Sale
$2,000,000 USD
Service Station - FOR SALE
1/6
null | 7.5% Cap Rate

7808 Greenwell Springs Rd
Baton Rouge, LA 70814
Park Forest/LA North


HIGHLIGHTS

  • Freestanding 4,991 SF convenience store with fuel positioned along a high-traffic retail corridor in Baton Rouge.
  • 20-year Absolute NNN lease with zero landlord responsibilities and four 5-year renewal options.
  • 2% annual rent increases provide reliable income growth throughout the lease term.
  • Recently renovated in 2024, ensuring modernized facilities and long-term operational efficiency.
  • Dense trade area with 175,000 residents and 71,000 households within five miles, averaging $68,000 household income.
  • Strong traffic counts with 22,000 VPD on Greenwell Springs Road and 50,000 VPD on Highway 190.

OVERVIEW

Fortis Net Lease presents an opportunity to acquire a 4,991-square-foot freestanding Fast Stop Express convenience store and fuel station located at 7808 Greenwell Springs Road in Baton Rouge, Louisiana. This property is strategically positioned at the intersection of two heavily traveled corridors, benefiting from approximately 22,000 vehicles per day on Greenwell Springs Road and 50,000 vehicles per day on Highway 190. The location offers exceptional visibility and accessibility, serving a dense and economically active consumer base within the northeastern Baton Rouge trade area. The asset is secured by a 20-year Absolute NNN lease with Fast Stop Express, a rapidly growing regional operator with over 72 locations across Louisiana, Texas, and New Mexico. The lease structure provides zero landlord responsibilities and includes four 5-year renewal options, along with 2% annual rent increases, ensuring consistent income growth. Current Net Operating Income is $149,816, reflecting a 7.5% cap rate on the $2,000,000 asking price. This investment offers long-term stability and predictable cash flow in one of Louisiana’s most dynamic markets. The property’s location within a thriving retail corridor, combined with strong traffic counts and favorable demographics, positions it as a compelling addition to any net lease portfolio.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$401 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,427 SF

ZONING

Commercial

APN/PARCEL ID

00114316

ASK ABOUT THIS PROPERTY

Payman MahjooryFortis Net LeaseMore Info
248-419-3286

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Payman MahjooryFortis Net LeaseMore Info
248-419-3286

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