Absolute-Net Pizza Restaurant
For Sale
$1,384,950
13365 Coursey Blvd, Baton Rouge, LA 70816
Absolute-net leased Papa John’s pizza restaurant property offered for sale with zero landlord responsibilities.
Property Size5,790 SF
Price / SF$239.20
Days on Market2354
Property Features for 13365 Coursey Blvd
General Information
Standard status
Active
Size
5,790 SF
Property subtype
Retail
Zoning
HC1
Site & Location
Neighborhood
Jones Creek
Listing Agency:
Saurage Rotenberg Commercial Real Estate, LLC
Listed By:
Michael Stinson
(225) 907-7793
Source:
Lacdb.resimplifi
Added: May 20, 2020
Changed: Oct 25
Last Checked: Oct 28 at 4:45AM
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 Saurage Rotenberg Commercial Real Estate, LLC
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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 is an absolute-net (NNN) pizza restaurant property offered for sale, structured with zero landlord responsibilities. The offering is anchored by Papa John’s, a restaurant company operating a take-out and pizza delivery model.
The property is located at 13365 Coursey Boulevard in Baton Rouge, Louisiana.
According to the provided remarks, Papa John’s operates over 4,600 establishments internationally, including more than 3,200 locations in the United States, with additional locations across 34 other countries.
The property is located at 13365 Coursey Boulevard in Baton Rouge, Louisiana.
According to the provided remarks, Papa John’s operates over 4,600 establishments internationally, including more than 3,200 locations in the United States, with additional locations across 34 other countries.
Key Highlights
- Absolute‑net lease property with zero landlord responsibilities
- Net leased to a Papa John’s pizza restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,066
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,941,320
$1.9M
Cap Rate 7%
$1,386,657
$1.4M
Cap Rate 9%
$1,078,511
$1.1M
Market Conditions
NOI Build-Up for 5,790 SF
Gross rent
$129.9K $22.44/SF
− Vacancy
−$507 −$0.09/SF
EGI
$129.4K $22.35/SF
− OpEx
−$32.4K −$5.59/SF
NOI
$97.1K $16.76/SF
Area
Baton Rouge, LA
Vacancy
0.39%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,941,320
Cap Rate 7%
$1,386,657
Cap Rate 9%
$1,078,511
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $97,066 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
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
399
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Shops & Services 33%
Dining 26%
Winn-Dixie
Groceries
16,325 visits/mo
0.2 miles
CC's Coffee House
Dining
7,430 visits/mo
0.5 miles
Exxon
Shops & Services
6,837 visits/mo
0.2 miles
Whitney Bank
Shops & Services
4,030 visits/mo
0.2 miles
Citgo
Shops & Services
1,685 visits/mo
0.2 miles
Demographics for 70816, LA
45,232
Population
21,024
Households
2.2
Avg Household Size
34
Median Age
36%
College-Educated
94%
High-School Grad
16.3 sq mi
ZIP Area
2,775
Density / Sq Mi
$65,894
Median Household Income
$39,344
Median Earnings
$1,155
Median Rent
$232,300
Median Home Value
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Absolute-net leased Papa John’s pizza restaurant property offered for sale with zero landlord responsibilities.
Where is this conventional restaurant located?
The property is located at 13365 Coursey Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,384,950.
What are key features of this property?
This property features: Absolute‑net lease property with zero landlord responsibilities; Net leased to a Papa John’s pizza restaurant
