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Winn Dixie 1830 W Airline Hwy 81,644 SF Retail Building La Place, LA 70068 $9,668,286 ($118.42/SF) 7% Cap Rate



Investment Highlights
- Well-established grocery location totaling ±81,644 SF on ±7.00 AC
- Absolute NNN lease with zero landlord responsibilities
- Property underwent a renovation in 2018, enhancing long-term operational reliability
- Long-term corporate tenant (Winn-Dixie) with a 28-year operating history
- 6.25-Years remaining on the base term of the lease
- 5-Mile Population of 40,035 residents with an average household income of $77,650 annually
Executive Summary
Broker of Record
Donnie Jarreau
License # BROK.995704351-CORP (LA)
Jarreau Real Estate
16173 Perkins Road Baton Rouge, LA 70810
(866) 889-0550
Donnie Jarreau
License # BROK.995704351-CORP (LA)
Jarreau Real Estate
16173 Perkins Road Baton Rouge, LA 70810
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
81,644 SF
Building Class
B
Year Built/Renovated
1997/2018
Price
$9,668,286
Price Per SF
$118.42
Cap Rate
7%
NOI
$676,780
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
7.00 AC
Zoning
Commercial District 1
Parking
331 Spaces (4.05 Spaces per 1,000 SF Leased)
Amenities
- Signalized Intersection
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0400461300 | Improvements Assessment | $629,925 |
| Land Assessment | $350,000 | Total Assessment | $979,925 |
Property Taxes
Parcel Number
0400461300
Land Assessment
$350,000
Improvements Assessment
$629,925
Total Assessment
$979,925
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Winn Dixie | 1830 W Airline Hwy
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