13002 Coursey Blvd Baton Rouge, LA 70816

Listing agency Newmark | Orange County - Irvine Show Phone

Listed by Matthew Berres · License #CA 01977909

Source Crexi

Added: Apr 23 Updated: Jul 21 at 9:12PM Checked: Jul 21 at 9:12PM

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Investment Insights

Based on property information with market context.

The subject property is an absolute triple-net grocery store offering a corporate guaranty from Winn-Dixie Stores, Inc., with zero landlord obligations. The tenant executed a 20-year lease in December 2013 and has approximately 13.2 years remaining, with six (6) and five (5) year options to extend. Rent increases are structured with a 5% bump in year eleven of the initial term and 5% increases every five years throughout the extension periods.

The property is highly visible and located along Coursey Blvd (34,118 VPD) in the affluent eastern Baton Rouge suburb of Parkview East. Within 5 miles, the trade area includes 149,898 people with an average household income of $89,008.

Additional retailers in the trade area include Raising Cane’s, Walgreens, Burger King, Outback Steakhouse, Smoothie King, McDonald’s, CVS, Jiffy Lube, and Celebrity Theatres Baton Rouge.

Key Highlights

• Absolute triple‑net (NNN) grocery lease with zero landlord obligations
• Corporate guaranty from Winn‑Dixie Stores, Inc.
• 20‑year lease signed December 2013 with ~13.2 years remaining and six (6) five‑year options to extend

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FAQs

What type of property is this?

Grocery and convenience store - Absolute triple-net grocery lease with corporate guaranty from Winn-Dixie Stores, Inc. and zero landlord obligations.

Where is this grocery and convenience store located?

The property is located at 13002 Coursey Blvd Baton Rouge, LA.

What are key features of this property?

This property features: Absolute triple‑net (NNN) grocery lease with zero landlord obligations; Corporate guaranty from Winn‑Dixie Stores, Inc.; 20‑year lease signed December 2013 with ~13.2 years remaining and six (6) five‑year options to extend