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4454 Highland Rd 1,719 SF Retail Building Baton Rouge, LA 70808 $1,350,000 ($785.34/SF) 6.22% Cap Rate
Investment Highlights
- NNN Leased C-Store/Gas Station located at the South Gates of LSU. Positioned off of Highland Road at the LSU Ave intersection.
- Traffic counts exceeding over 12K VPD.
- Less than 2 miles from I-10 and 1 mile from Tiger Stadium.
- Fuel pumps, pump lines, and underground storage tanks (UST's) shall not be included in the sale.
Executive Summary
NNN Leased C-Store/Gas Station located at the South Gates of LSU. Positioned off of Highland Road at the LSU Ave intersection which is Less than 2 miles from I-10 and 1 mile from Tiger Stadium. Traffic counts exceeding over 12K VPD. 1,700 +/- SF building with 2,000 +/- SF canopy covering 4 fuel pumps on approximately 0.5 acres.
Absolute NNN Lease with zero Landlord responsibility extended for a 10 year term starting August 1, 2023 which will expire August 1, 2033. Tenant pays $7,000/month base rent for years 1-5, annual escalations based upon the Consumer Price Index to begin on year 6(Not to be less that 3% or more than 6%).
Fuel pumps, pump lines, and underground storage tanks (UST's) shall not be included in the sale.
Absolute NNN Lease with zero Landlord responsibility extended for a 10 year term starting August 1, 2023 which will expire August 1, 2033. Tenant pays $7,000/month base rent for years 1-5, annual escalations based upon the Consumer Price Index to begin on year 6(Not to be less that 3% or more than 6%).
Fuel pumps, pump lines, and underground storage tanks (UST's) shall not be included in the sale.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
1,719 SF
Building Class
C
Year Built
1995
Price
$1,350,000
Price Per SF
$785.34
Cap Rate
6.22%
NOI
$84,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.44 AC
Zoning
C-1 - Commercial
Frontage
148’ on Highland Rd
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00826642 | Improvements Assessment | $12,375 |
| Land Assessment | $11,000 | Total Assessment | $23,375 |
Property Taxes
Parcel Number
00826642
Land Assessment
$11,000
Improvements Assessment
$12,375
Total Assessment
$23,375
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4454 Highland Rd
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