Advance Auto Parts For
12222 Florida Blvd Baton Rouge, LA
For Sale
Contact for pricing
NNN lease with corporate tenant and over 8 years remaining.
Property Size6,769 SF
Lot Size0.76 Acres
Price / SF$151.43
Days on Market455
Property Features for 12222 Florida Blvd
General Information
Standard status
Active
Size
6,769 SF
Lot size
0.76 Acres
Property subtype
RETAIL
Listing Agency:
STRIVE
(469) 844-8890
Listed By:
Adam Gottschalk · License #TX 636961
(469) 844-8890
Source:
Moodyscre
Added: May 2, 2025
Changed: Jul 10
Last Checked: Jul 21 at 4:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STRIVE
Investment Insights
Based on property information with market context.
This property is leased to Advance Auto Parts with over 8 years remaining on the term. A recent lease extension in 2023 extended the term to January 2033. The tenant has an 18-year operating history at this location. Advance Auto Parts (NYSE: AAP) has a market cap of over $2 Billion. The property is located along Florida Blvd (22,600 VPD) in proximity to US Highway 30 (30,000 VPD). Surrounding retailers include O’Reilly Auto Parts, Home Outlet, and Family Dollar. The location benefits from a dense population, with over 147,945 people living within a 5-mile radius. It is also located three miles from a newly constructed 2.8 million SF Amazon Fulfillment Center. The property size is 6,769 square feet.
Key Highlights
- Corporate Advance Auto Parts Lease with over 8 Years Remaining on the Term (until January 2033)
- Recent Lease Extension in 2023
- 18 Year Operating History
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.8k | $9.72 |
| − Vacancy | −$1.3k | −$0.19 |
| EGI | $64.5k | $9.53 |
| − OpEx | −$19.3k | −$2.86 |
| NOI | $45.1k | $6.67 |
6,769 SF · lease $9.72/SF/yr · vacancy 1.99% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.77M
NOI $105,913 @ 7.0% cap · market cap 10.33%
Second Best
Industrial
$644.9K
$564.3K – $752.3K
NOI $45,140 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,478 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Martinez collision llc — 11650 Florida Blvd, Baton Rouge, LA 70815
- Velasquez Auto Repair and Towing Service — 11650 Florida Blvd, Baton Rouge, LA 70815
- Superior Transmission — 11833 Florida Blvd, Baton Rouge, LA 70815
- Marks Seat Cover Center Inc. — 11760 Florida Blvd, Baton Rouge, LA 70815
- Paint & Body — 11863 Florida Blvd, Baton Rouge, LA 70815
Frequently Asked Questions
What type of property is this?
Auto shop - NNN lease with corporate tenant and over 8 years remaining.
Where is this auto shop located?
The property is located at 12222 Florida Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Corporate Advance Auto Parts Lease with over 8 Years Remaining on the Term (until January 2033); Recent Lease Extension in 2023; 18 Year Operating History
