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13031 Perkins Rd 18,300 SF 100% Leased Retail Building Baton Rouge, LA 70810 $3,253,333 ($177.78/SF) 9% Cap Rate
Executive Summary
Now available for sale, 13031 Perkins Rd offers a ±18,300 SF retail building leased to Splash, a Leslie’s Company.
Splash is a long-standing regional retailer specializing in pools, spas, and outdoor lifestyle products, with multiple locations across Louisiana and Florida.
The tenant offers a broad product mix including patio furniture, hot tubs, swim spas, exercise pools, inground and above ground pools, and other related accessories. The lease runs through December 31, 2027, providing stable in-place income.
The property is currently producing a NOI of $292,800, reflecting a 9% cap rate. T
he site is positioned seconds from the Perkins Rd and Siegen Ln intersection, which sees ±39,247 vehicles per day and includes retailers such as Pizza Hut, Starbucks, Jack in the Box, Chase Bank, and the Oak Point Market.
Splash is a long-standing regional retailer specializing in pools, spas, and outdoor lifestyle products, with multiple locations across Louisiana and Florida.
The tenant offers a broad product mix including patio furniture, hot tubs, swim spas, exercise pools, inground and above ground pools, and other related accessories. The lease runs through December 31, 2027, providing stable in-place income.
The property is currently producing a NOI of $292,800, reflecting a 9% cap rate. T
he site is positioned seconds from the Perkins Rd and Siegen Ln intersection, which sees ±39,247 vehicles per day and includes retailers such as Pizza Hut, Starbucks, Jack in the Box, Chase Bank, and the Oak Point Market.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
18,300 SF
Building Class
B
Year Built
2000
Price
$3,253,333
Price Per SF
$177.78
Cap Rate
9%
NOI
$292,800
Percent Leased
100%
Building Height
1 Story
Building FAR
0.23
Lot Size
1.84 AC
Parking
43 Spaces (2.35 Spaces per 1,000 SF Leased)
Frontage
185’ on Siegen Lane
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01129848 | Improvements Assessment | $74,437 |
| Land Assessment | $30,701 | Total Assessment | $105,138 |
Property Taxes
Parcel Number
01129848
Land Assessment
$30,701
Improvements Assessment
$74,437
Total Assessment
$105,138
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13031 Perkins Rd
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