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230 Veterans Blvd 5,004 SF 100% Leased Office Building Denham Springs, LA 70726 $1,300,000 ($259.79/SF) 7.06% Cap Rate
Investment Highlights
- NNN lease structure with 5 years remaining and 3% annual rent increases
- Roof replaced in 2014 with a 50-year warranty
- In-place tenant since 2023 providing stabilized income
- HVAC systems replaced during the COVID period
Executive Summary
Now for sale, 230 Veterans Blvd offers a ±5,004 SF occupied retail property in Denham
Springs, LA.
The tenant is currently under a NNN lease with a 5-year term expiring 3/31/2031 and
has occupied the building since 2023. The property generates a 7% cap rate on a
$91,800 NOI with 3% annual increases.
Features include a roof replaced in 2014 with a 50-year warrant and HVAC systems
replaced during the COVID period.
Positioned along Veterans Blvd in Denham Springs, the property benefits from its
location within an established commercial corridor and is minutes from US Hwy-190
and I-12
Springs, LA.
The tenant is currently under a NNN lease with a 5-year term expiring 3/31/2031 and
has occupied the building since 2023. The property generates a 7% cap rate on a
$91,800 NOI with 3% annual increases.
Features include a roof replaced in 2014 with a 50-year warrant and HVAC systems
replaced during the COVID period.
Positioned along Veterans Blvd in Denham Springs, the property benefits from its
location within an established commercial corridor and is minutes from US Hwy-190
and I-12
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,004 SF
Building Class
B
Year Built/Renovated
2000/2014
Price
$1,300,000
Price Per SF
$259.79
Cap Rate
7.06%
NOI
$91,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,004 SF
Building FAR
0.19
Lot Size
0.60 AC
Opportunity Zone
Yes
Zoning
C3 - Commercial
Parking
23 Spaces (4.59 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0363135 | Improvements Assessment | $78,400 |
| Land Assessment | $5,200 | Total Assessment | $83,600 |
Property Taxes
Parcel Number
0363135
Land Assessment
$5,200
Improvements Assessment
$78,400
Total Assessment
$83,600
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230 Veterans Blvd
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