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 Market546
Property Features for 12222 Florida Blvd
General Information
Standard status
Active
Size
6,769 SF
Lot size
0.76 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
North Sherwood Forest
Listing Agency:
STRIVE
(469) 844-8880
Listed By:
Adam Gottschalk · License #TX 636961
(469) 844-8890
Source:
Moodyscre
Added: May 2, 2025
Changed: Oct 26
Last Checked: Oct 28 at 11:07AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$45,140
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
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
