Advance Auto Parts For
For Sale
Contact for pricing
12222 Florida Blvd, Baton Rouge, LA
NNN lease with corporate tenant and over 8 years remaining.
Property Size6,769 SF
Lot Size0.76 Acres
Price / SF$151.43
Days on Market500
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) 844-8880
Listed By:
Adam Gottschalk · License #TX 636961
(469) 844-8890
Source:
Moodyscre
Added: May 2, 2025
Changed: Sep 11
Last Checked: Sep 13 at 10:12AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,140
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$902,800
$902.8K
Cap Rate 7%
$644,857
$644.9K
Cap Rate 9%
$501,556
$501.6K
Market Conditions
NOI Build-Up for 6,769 SF
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.
Gross rent
$65.8K $9.72/SF
− Vacancy
−$1.3K −$0.19/SF
EGI
$64.5K $9.53/SF
− OpEx
−$19.3K −$2.86/SF
NOI
$45.1K $6.67/SF
Area
Baton Rouge, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$902,800
Cap Rate 7%
$644,857
Cap Rate 9%
$501,556
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
37k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 34%
Apparel 17%
Home Improvements & Furnishings 1%
Sonny's BBQ
Dining
11,195 visits/mo
0.2 miles
Family Dollar
Shops & Services
8,863 visits/mo
0.1 miles
Citi Trends
Apparel
6,411 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
3,077 visits/mo
0.0 miles
U-Haul
Shops & Services
1,966 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
