Baton Rouge, LA - Enterprise Rent a Car

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Enterprise investment property located in Baton Rouge, Louisiana. The tenant, Enterprise recently exercised their lease for 5 years with 2 (5-year) options remaining, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.

Enterprise Rent-A-Car is strategically located along Nicholson Drive / State Highway 30, a primary north–south thoroughfare serving the Baton Rouge market, with exposure to approximately 25,600 vehicles per day. The property benefits from immediate proximity to Interstate 10, which carries approximately 146,100 vehicles per day, providing direct regional connectivity between Baton Rouge and New Orleans. The asset is positioned within a dense and established retail and service corridor, surrounded by a strong mix of national and credit tenants including Walmart Supercenter, Target, Trader Joe’s, Petco, Starbucks, Chick-fil-A, Raising Cane’s, McDonald’s, Walgreens, CVS, Hobby Lobby, and numerous quick-service and daily-needs retailers that drive consistent traffic to the area. Additionally, the property is located near Louisiana State University and is surrounded by dense residential neighborhoods, schools, and employment centers, further supporting long-term tenant performance. The 5-mile trade area is supported by a population of over 129,000 residents and approximately 145,000 employees, with an average household income of $86,104, reinforcing the strength and stability of the surrounding market.

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Listing ID: a28TP000002HRCLYA4