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Prime Retail Leased Investment w/ value-add 8620 Airline Hwy 45,198 SF 45% Leased Retail Building Baton Rouge, LA 70815 $3,800,000 ($84.07/SF)
INVESTMENT HIGHLIGHTS
- Strategically located catty corner to 3.5MM SF+/- New (2024) Amazon (BTR1) Fulfillment Distribution center.
- Neighboring businesses: Planet Fitness, Vivid Ink, Pet Smart, Southern Oaks Dental, Tropical Smoothie, Cox Communications Fleet Services, and more.
- In high traffic corridor US 190 and US 61 Approx.50,000+/- ADT (2024) Florida Blvd and Airline Hwy.
EXECUTIVE SUMMARY
Property Highlights:
-Suite A: +/- 24,752 SF w/ Two (2) truck wells Available for Lease.
-Suite B: +/- 20,446SF - Planet Fitness just exercised a strong Ten (10) year plus lease as of January 2025.
-238 parking spots with 4.07 Acres +/- of land.
Investor Highlights:
-Operator strong national credited top PF franchisee, with over 100+ locations.
-Lots of Value-added upside potential with vacant space for investor/operator to capitalize their investment even further.
-Perfect for investors or owner operator with strong positive cash flow on day one.
-National back strong credit tenant 100+ Planet Fitness Franchisee Operator
-Ten (10) year + lease with rental increase plus Two (2)-Five (5) year renewal options.
-Lots of upside with a 55% back fill vacancy (Suite A) with upward potential could be well over a 9%+ cap rate.
By appointment only. Call listing agent to schedule a showing.
-Suite A: +/- 24,752 SF w/ Two (2) truck wells Available for Lease.
-Suite B: +/- 20,446SF - Planet Fitness just exercised a strong Ten (10) year plus lease as of January 2025.
-238 parking spots with 4.07 Acres +/- of land.
Investor Highlights:
-Operator strong national credited top PF franchisee, with over 100+ locations.
-Lots of Value-added upside potential with vacant space for investor/operator to capitalize their investment even further.
-Perfect for investors or owner operator with strong positive cash flow on day one.
-National back strong credit tenant 100+ Planet Fitness Franchisee Operator
-Ten (10) year + lease with rental increase plus Two (2)-Five (5) year renewal options.
-Lots of upside with a 55% back fill vacancy (Suite A) with upward potential could be well over a 9%+ cap rate.
By appointment only. Call listing agent to schedule a showing.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
45,198 SF
Building Class
C
Year Built
2000
Price
$3,800,000
Price Per SF
$84.07
Percent Leased
45%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
4.07 AC
Zoning
C-2 - C-2
Parking
238 Spaces (5.27 Spaces per 1,000 SF Leased)
Frontage
345’ on Airline Hwy
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00138444 | Improvements Assessment | $237,540 |
| Land Assessment | $50,000 | Total Assessment | $287,540 |
PROPERTY TAXES
Parcel Number
00138444
Land Assessment
$50,000
Improvements Assessment
$237,540
Total Assessment
$287,540
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GoldenX Realty
Prime Retail Leased Investment w/ value-add | 8620 Airline Hwy
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