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Shopping Center for Sale on Coursey Blvd. 13365 Coursey Blvd 5,790 SF 100% Leased Retail Building Baton Rouge, LA 70816 $1,384,950 ($239.20/SF) 6.50% Cap Rate
Investment Highlights
- The property is located in a highly trafficked, dense residential area which fully utilizes both of these tenant services.
Executive Summary
Shopping Center For Sale
• Three (3) Tenants - Papa John's, General Office, & Ethnic Store
• Located in Highly Trafficked and Dense Residential Area.
• Zoned C-2
• NOI - $90,022.00
• Asking 6.5% CAP or $1,384,950.00
• Papa John's Leased Two Offices and just executed option thru 2030. They've been there 25 years.
• Ethnic Store has 5 year term thru 2030
• Office has 3 year lease thru 2028
• Rent Roll Available Upon Request
• Three (3) Tenants - Papa John's, General Office, & Ethnic Store
• Located in Highly Trafficked and Dense Residential Area.
• Zoned C-2
• NOI - $90,022.00
• Asking 6.5% CAP or $1,384,950.00
• Papa John's Leased Two Offices and just executed option thru 2030. They've been there 25 years.
• Ethnic Store has 5 year term thru 2030
• Office has 3 year lease thru 2028
• Rent Roll Available Upon Request
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$76,930
|
$12.82
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $76,930 |
| Annual Per SF | $12.82 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,790 SF
Building Class
B
Year Built
1990
Price
$1,384,950
Price Per SF
$239.20
Cap Rate
6.50%
NOI
$90,022
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.55 AC
Zoning
C-1 - COMMERCIAL
Parking
22 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
100’ on Coursey Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01028804 | Improvements Assessment | $26,631 (2025) |
| Land Assessment | $10,989 (2025) | Total Assessment | $37,620 (2025) |
Property Taxes
Parcel Number
01028804
Land Assessment
$10,989 (2025)
Improvements Assessment
$26,631 (2025)
Total Assessment
$37,620 (2025)
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Shopping Center for Sale on Coursey Blvd. | 13365 Coursey Blvd
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