Convenience Store with Four Gas
For Sale
$900,000
7280 La Highway 1 South, Addis, LA 70710
The sale combines an operating convenience business, real estate, and FF&E at a lighted-access retail site.
Property Size3,392 SF
Price / SF$265.33
Days on Market23
Property Features for 7280 La Highway 1 South
General Information
Standard status
Active
Size
3,392 SF
Property subtype
Retail
Site & Location
Traffic Count
41,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Amenities
lighted access
Building Details
Buildings
1
Listing Agency:
CBRE - Baton Rouge
(256) 724-2764
Listed By:
Jake Loach · License #SALE.0000070995-ACT
(256) 724-2764
Source:
Cbre
Added: Aug 1
Changed: Aug 11
Last Checked: Aug 22 at 1:08PM
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 CBRE - Baton Rouge
Investment Insights
Based on property information with market context.
This 3,392-square-foot convenience store property includes the operating business, real estate, and all FF&E. The improvements comprise the primary store and four gas bays, creating a combined retail and fueling operation. Current operations remain in place, with showings arranged in advance.
The property is at 7280 La Highway 1 South in Addis, Louisiana, just off LA-1 with service-road access and a lighted entrance. LA-1 carries an average daily traffic count of 41,000. Interstate 10 is approximately 6.6 miles away, representing an estimated 11-minute drive. The site is identified as Flood Zone X.
The property is at 7280 La Highway 1 South in Addis, Louisiana, just off LA-1 with service-road access and a lighted entrance. LA-1 carries an average daily traffic count of 41,000. Interstate 10 is approximately 6.6 miles away, representing an estimated 11-minute drive. The site is identified as Flood Zone X.
Key Highlights
- 3,392 SF convenience store property with operating business, real estate, and all FF&E included
- Four gas bays complement the main convenience store
- Just off LA‑1 with service‑road access and a lighted entrance
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
$56,865
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
6.32%
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%
$1,137,300
$1.1M
Cap Rate 7%
$812,357
$812.4K
Cap Rate 9%
$631,833
$631.8K
Market Conditions
NOI Build-Up for 3,392 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
$76.1K $22.44/SF
− Vacancy
−$297 −$0.09/SF
EGI
$75.8K $22.35/SF
− OpEx
−$19.0K −$5.59/SF
NOI
$56.9K $16.76/SF
Area
West Baton Rouge County, 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 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%
$1,137,300
Cap Rate 7%
$812,357
Cap Rate 9%
$631,833
Alternative Uses
Best Use
Specialty Retail
$812.4K
$710.8K – $947.8K
NOI $56,865 @ 7.0% cap · market cap 6.32%
Second Best
Retail
$758.2K
$663.4K – $884.6K
NOI $53,074 @ 7.0% cap · market cap 5.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
41,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
29k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
RaceTrac
Shops & Services
29,170 visits/mo
0.1 miles
Demographics for 70710, LA
6,749
Population
2,922
Households
2.3
Avg Household Size
32
Median Age
32%
College-Educated
95%
High-School Grad
8.0 sq mi
ZIP Area
844
Density / Sq Mi
$105,635
Median Household Income
$54,521
Median Earnings
$1,451
Median Rent
$242,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The sale combines an operating convenience business, real estate, and FF&E at a lighted-access retail site.
Where is this grocery and convenience store located?
The property is located at 7280 La Highway 1 South Addis, LA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 3,392 SF convenience store property with operating business, real estate, and all FF&E included; Four gas bays complement the main convenience store; Just off LA‑1 with service‑road access and a lighted entrance
