9959 Perkins Rd - Fast Food FOR SALE


Baton Rouge, LA 70810- South Baton Rouge
$3,235,293 USD
408-510-9057
9959 Perkins Rd, Baton Rouge, LA for Sale
$3,235,293 USD
Fast Food - FOR SALE
1/3
null | 4.25% Cap Rate

9959 Perkins Rd
Baton Rouge, LA 70810
South Baton Rouge


HIGHLIGHTS

  • Corporate-Guaranteed NNN Ground Lease With Zero Landlord Responsibilities
  • ±5 Years Remaining With Two (2) Five-Year Renewal Options Extending Through 2041
  • Scheduled 10% Rent Increases Every Five Years, Providing Long-Term Income Growth
  • Backed by McDonald's Corporation (NYSE: MCD), Operating 43,000+ Locations Worldwide
  • Prime Perkins Road Corridor Location With ±19,406 VPD and I-10 Access (±105,773 VPD)
  • Strong 5-Mile Demographics: 160,478 Residents With $126,006 Average Household Income

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a corporate-guaranteed McDonald's drive-thru at 9959 Perkins Road in Baton Rouge, Louisiana. The ±4,480-square-foot restaurant sits on ±1.08 acres and is secured by a NNN ground lease with approximately 5 years remaining and zero landlord responsibilities. The lease is corporate-guaranteed by McDonald's Corporation (NYSE: MCD), operating 43,000+ locations worldwide. The property is positioned along Perkins Road (±19,406 VPD), a major east-west commercial corridor with direct connectivity to Interstate 10 (±105,773 VPD) and Bluebonnet Boulevard (±19,267 VPD). Corridor neighbors include Barnes & Noble, CAVA, CVS, Anthropologie, and the Perkins Rowe mixed-use development. The 5-mile trade area supports 160,478 residents with an average household income of $126,006, anchored by Louisiana State University (43,385 students) and Our Lady of the Lake Regional Medical Center. Baton Rouge, Louisiana's second-largest MSA with 888,086 residents, offers a diverse economy and active infrastructure investment, including the MoveBR Perkins Road widening project currently underway.

FOR SALE DETAILS

PRICE

$3,235,293 USD

PRICE/SF

$752 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McDonald's | 25yr Operating History

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

C-2

APN/PARCEL ID

01112228

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

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