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McDonald's | 25yr Operating History 9959 Perkins Rd 4,480 SF Retail Building Baton Rouge, LA 70810 $3,235,293 ($722.16/SF) 4.25% Cap Rate
Investment Highlights
- Corporate-Guaranteed NNN Ground Lease With Zero Landlord Responsibilities
- Scheduled 10% Rent Increases Every Five Years, Providing Long-Term Income Growth
- Prime Perkins Road Corridor Location With ±19,406 VPD and I-10 Access (±105,773 VPD)
- ±5 Years Remaining With Two (2) Five-Year Renewal Options Extending Through 2041
- Backed by McDonald's Corporation (NYSE: MCD), Operating 43,000+ Locations Worldwide
- Strong 5-Mile Demographics: 160,478 Residents With $126,006 Average Household Income
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a corporate-guaranteed McDonald's drive-thru at 9959 Perkins Road in Baton Rouge, Louisiana. The ±4,480-square-foot restaurant sits on ±1.08 acres and is secured by a NNN ground lease with approximately 5 years remaining and zero landlord responsibilities. The lease is corporate-guaranteed by McDonald's Corporation (NYSE: MCD), operating 43,000+ locations worldwide.
The property is positioned along Perkins Road (±19,406 VPD), a major east-west commercial corridor with direct connectivity to Interstate 10 (±105,773 VPD) and Bluebonnet Boulevard (±19,267 VPD). Corridor neighbors include Barnes & Noble, CAVA, CVS, Anthropologie, and the Perkins Rowe mixed-use development. The 5-mile trade area supports 160,478 residents with an average household income of $126,006, anchored by Louisiana State University (43,385 students) and Our Lady of the Lake Regional Medical Center. Baton Rouge, Louisiana's second-largest MSA with 888,086 residents, offers a diverse economy and active infrastructure investment, including the MoveBR Perkins Road widening project currently underway.
The property is positioned along Perkins Road (±19,406 VPD), a major east-west commercial corridor with direct connectivity to Interstate 10 (±105,773 VPD) and Bluebonnet Boulevard (±19,267 VPD). Corridor neighbors include Barnes & Noble, CAVA, CVS, Anthropologie, and the Perkins Rowe mixed-use development. The 5-mile trade area supports 160,478 residents with an average household income of $126,006, anchored by Louisiana State University (43,385 students) and Our Lady of the Lake Regional Medical Center. Baton Rouge, Louisiana's second-largest MSA with 888,086 residents, offers a diverse economy and active infrastructure investment, including the MoveBR Perkins Road widening project currently underway.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,480 SF
Year Built
2001
Price
$3,235,293
Price Per SF
$722.16
Cap Rate
4.25%
NOI
$137,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.08 AC
Zoning
C-2
Parking
43 Spaces (9.6 Spaces per 1,000 SF Leased)
Frontage
180’ on Perkins Rd.
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- McDonald's
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| McDonald's | - | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01112228 | Improvements Assessment | $62,748 |
| Land Assessment | $69,930 | Total Assessment | $132,678 |
Property Taxes
Parcel Number
01112228
Land Assessment
$69,930
Improvements Assessment
$62,748
Total Assessment
$132,678
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McDonald's | 25yr Operating History | 9959 Perkins Rd
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