Turn-Key Convenience Store
2226 Highland Rd Baton Rouge, LA 70802
2226 Highland Rd, Baton Rouge, LA, 70802
$1,200,000
For Sale
$1,200,000
Profitable convenience store with alcohol sales approval near LSU.
Property Size6,600 SF
Lot Size1.26 Acres
Price / SF$181.82
Days on Market610
Property Features for 2226 Highland Rd
General Information
- Standard status
- Active
- Size
- 6,600 SF
- Lot size
- 1.26 Acres
- Property subtype
- Commercial/Industrial
Listing Agency
Mantra, Inc.
(225) 571-3290
Listed by
AshleyB Banks · License #995706512
(225) 571-3290
Source
Exitrealty
Added: Nov 15, 2024 Checked: Jul 17 at 4:34 am
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 Mantra, Inc.
Investment Insights
Based on property information with market context.
This well-positioned convenience store is a turn-key opportunity, complete with all fixtures and furnishings included in the sale. The property consists of a total of 6 lots and includes a daiquiri shop. Zoned C2, it has approval for alcohol sales. The store layout offers versatility for potential buyers interested in expanding the business model to include a bakery or other retail options. The ample square footage of 6,600 square feet allows for creativity in merchandising and product offerings. With the growing population of LSU students and staff, the demand for convenient retail options is ever-increasing. This location's proximity to the university ensures a steady customer base, particularly for convenience goods, snacks, and beverages. The ability to introduce a bakery or additional retail offerings can further enhance foot traffic and sales volume. The property is located at 2226 Highland Rd, Baton Rouge, LA 70802.
Key Highlights
- Turn‑key convenience store with all fixtures and furnishings included.
- Approved for alcohol sales and zoned C2, maximizing revenue potential.
- Prime location near LSU, ensuring a steady customer base.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.1k | $22.44 |
| − Vacancy | −$578 | −$0.09 |
| EGI | $147.5k | $22.35 |
| − OpEx | −$44.3k | −$6.71 |
| NOI | $103.3k | $15.65 |
6,600 SF · lease $22.44/SF/yr · vacancy 0.39% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.58M
$1.38M – $1.84M
NOI $110,645 @ 7.0% cap · market cap 9.22%
Second Best
Retail
$1.48M
$1.29M – $1.72M
NOI $103,268 @ 7.0% cap · market cap 8.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Highland Meat Market
Take-out & Catering
Similar For Sale Nearby
Similar Off Market Nearby
- Graylin — 335 Louise St, Baton Rouge, LA 70802
- Xpert Food N More — 1306 Thomas H. Delpit Dr, Baton Rouge, LA 70802
FAQs
What type of property is this?
Grocery and convenience store - Profitable convenience store with alcohol sales approval near LSU.
Where is this grocery and convenience store located?
The property is located at 2226 Highland Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Turn‑key convenience store with all fixtures and furnishings included.; Approved for alcohol sales and zoned C2, maximizing revenue potential.; Prime location near LSU, ensuring a steady customer base.
