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Enterprise Rent-A-Car | Recent Extension 1575 Nicholson Dr 1,563 SF Retail Building Baton Rouge, LA 70802 $957,000 ($612.28/SF) 7% Cap Rate

Retail Buildings Louisiana Baton Rouge 1575 Nicholson Dr, Baton Rouge, LA 70802

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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
C
Year Built
2006
Price
$957,000
Price Per SF
$612.28
Cap Rate
7%
NOI
$66,960
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.48 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C-1 - Commercial
Parking
32 Spaces (20.47 Spaces per 1,000 SF Leased)
Frontage
122’ on Nicholson Dr

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Rental and Leasing Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Enterprise Rent-A-Car began in 1957 when Jack Taylor started a car leasing business with a small fleet in St. Louis, Missouri, and the brand later took on its current name as the rental business expanded. The company provides car rentals, truck rentals, and van rentals, with booking available through neighborhood, airport, and city locations. Enterprise also serves business transportation needs and is part of Enterprise Mobility, a broader transportation group that includes fleet management, car sales, carsharing, and related mobility services. The business continues to operate at large scale across its rental network and related transportation offerings.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Rental and Leasing Services 99,999 SF - Lorem Ipsum Jan 0000

Links

1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Source: Local Logic®

Property Taxes

Parcel Number 02321238 Improvements Assessment $15,862
Land Assessment $17,567 Total Assessment $33,429

Property Taxes

Parcel Number
02321238
Land Assessment
$17,567
Improvements Assessment
$15,862
Total Assessment
$33,429
(858) 603-8436

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 39464407

  • Date on Market: 2/17/2026

  • Last Updated:

  • Address: 1575 Nicholson Dr, Baton Rouge, LA 70802

The Highlands/Perkins Retail Property at 1575 Nicholson Dr, Baton Rouge, LA 70802 is currently available. Contact SRS Real Estate Partners for more information.

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Contact the Sale Advisor

Enterprise Rent-A-Car | Recent Extension | 1575 Nicholson Dr

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