Lumber Liquidators original lease commencement date was 10/21/2010 with an option exercised through 1/31/2023. The Tenant has an additional five (5) year option to renew that if exercised, would commence on 2/1/2023 and expire on 1/31/2028. This option would increase the rent by $1.00 PSF ($9.50 PSF, NNN). Lumber Liquidators has 420 locations (Sep. 2019) and generates just over $1 Billion in Annual Revenue ($1.08 Billion in 2018).
Commercial Warehouse and Showroom: Located on Airline Highway (ADT: 53,000), located between Siegen Lane and Industriplex Blvd on the eastbound side of Airline Hwy. Area businesses and major traffic generators include Robinson Brothers Ford/Lincoln, Brian Harris BMW, LeBlanc Toyota/Lexus, Woman's Hospital, Parkview Baptist Church and School among numerous other commercial businesses. This highly traveled corridor runs parallel to Interstate 10 and connects New Orleans to Baton Rouge.
Louisiana's Capital City: The city of Baton Rouge has a population of 225,000, a population of 446,000 in East Baton Rouge Parish and over 800,000 in the 9 Parish MSA. Major economic drivers for Baton Rouge include the presence of local, state and federal government, the large petrochemical presence along the Mississippi River which has a major role in the international economic community as well as two major universities.
