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4,509 SF Convenience Store | Absolute Triple Net Lease

$2,888,428

2980 O’Neal Lane, Baton Rouge, LA 70816

Active
Last Updated: 02/01/2021

7

Cap Rate

202,190

NOI

Details:
Cap Rate:    7%
NOI:    $202,190
Building Size:    4,509 sqft
Lot Area:    0.6 acres
Lease Type:    Absolute Net
Roof & Structure:    Tenant’s Responsibility
HVAC:    Tenant’s Responsibility
Floor:    Tenant’s Responsibility
Highlights:
  • Brand New 17 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • 2% Annual Rent Increases With Four 5-Year Options
  • Established Operator of Convenience Stores in Louisiana and Texas That Currently Operates 40+ Locations
  • Strong Store Performance – 2.92x Rent Coverage
  • Excellent Visibility From S Harrells Ferry Road and O’Neal Lane
  • Signalized Corner Location
  • Less Than 1-Mile From Ochsner Medical Center Baton Rouge
  • Three Schools Located Within the Immediate Proximity Drawing Additional Traffic to Location
  • S Harrells Ferry Road Sees Over 21,000 VPD and O’Neal Lane Sees Over 27,000 VPD
  • Close Proximity to Interstate 10 and Interstate 12, Which Sees Over 104,600 VPD
  • Nearby Tenants Include: Target, Popeyes, Walmart Supercenter, McDonald’s, Waffle House, Walgreens, Hobby Lobby, Dollar General, AutoZone, Lowe’s Home Improvement and More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,509 SF Convenience Store at 2980 O’Neal Lane in Baton Rouge, Louisiana. This Brand New 17 Year Absolute Triple Net Lease With Zero Landlord Responsibilities and Annual Rent Increases, Provides For a Stable Income Stream.

In Cooperation With Sands Investment Group Louisiana, LLC
Lic. # BROK.0995702111-CORP

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