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Enterprise Rent-A-Car | Recent Extension 1575 Nicholson Dr 1,563 SF Retail Building Baton Rouge, LA 70802 $1,116,000 ($714.01/SF) 6% Cap Rate

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Investment Highlights

Brand New 5-Year Lease Extension | Scheduled Rental Increases
Prime Baton Rouge Location | Strong Traffic & Retail Synergy

NN Lease | Fee Simple Ownership
Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Enterprise investment property located in Baton Rouge, Louisiana. The tenant, Enterprise recently exercised their lease for 5 years with 2 (5-year) options remaining, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

1,563 SF

Building Class

Year Built

2006

Price

$1,116,000

Price Per SF

$714.01

Cap Rate

NOI

$66,960

Tenancy

Single

Building Height

1 Story

Building FAR

0.07

Lot Size

0.48 AC

Opportunity Zone

Yes

Zoning

C-1 - Commercial

Parking

32 Spaces (20.47 Spaces per 1,000 SF Leased)

Frontage

122’ on Nicholson Dr

Dedicated Turn Lane

Pylon Sign

Signage

Rental and Leasing Services
99,999 SF
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Enterprise Rent-A-Car represents an ongoing success story in America. Its guiding principles and humble beginnings are rooted in personal honesty and integrity. The company is committed to strengthening communities one neighborhood at a time, treating customers like family, and rewarding hard work—values that have remained consistent since its founding in 1957. Today, Enterprise has established itself as the largest provider of transportation solutions, offering car and truck rentals, car sharing, and car sales. With thousands locations worldwide, the company is always available to meet customer needs. In addition, Enterprise actively engages in sustainability, recognizing it as beneficial for business and essential for creating a better future for generations to come. Due to its size, the company is uniquely positioned to drive innovation, advance research, and implement market-driven solutions.