Freestanding Restaurant
2450 South Acadian Thruway, Baton Rouge, LA 70808
For Sale
Contact for pricing
The property is leased to a restaurant operator and sits just off I-10.
Property Size8,515 SF
Price / SF$458.02
Days on Market53
Property Features for 2450 South Acadian Thruway
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Listing Agency:
Maestri Murrell Real Estate
Listed By:
Benjamin Stalter · License LA #0000008180
(225) 803-3514
Source:
Crexi
Added: Sep 23
Changed: Nov 8
Last Checked: Nov 14 at 2:49AM
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 Maestri Murrell Real Estate
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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.
A freestanding restaurant building offers 8,515 square feet of space and is currently leased to Saltgrass Steak House. The building is located at 2450 South Acadian Thruway in Baton Rouge, just off I-10.
Key Highlights
- 8,515 SF freestanding restaurant building
- Currently leased to Saltgrass Steak House
- Located just off I‑10
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,749
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,854,980
$2.9M
Cap Rate 7%
$2,039,271
$2.0M
Cap Rate 9%
$1,586,100
$1.6M
Market Conditions
NOI Build-Up for 8,515 SF
Gross rent
$191.1K $22.44/SF
− Vacancy
−$745 −$0.09/SF
EGI
$190.3K $22.35/SF
− OpEx
−$47.6K −$5.59/SF
NOI
$142.7K $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%
$2,854,980
Cap Rate 7%
$2,039,271
Cap Rate 9%
$1,586,100
Alternative Uses
Best Use
Specialty Retail
$2.04M
$1.78M – $2.38M
NOI $142,749 @ 7.0% cap · market cap 3.66%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 30%
Electronics 4%
Popeyes Louisiana Kitchen
Dining
11,210 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,291 visits/mo
0.5 miles
Family Dollar
Shops & Services
7,981 visits/mo
0.3 miles
AutoZone
Shops & Services
2,617 visits/mo
0.4 miles
Whitney Bank
Shops & Services
2,124 visits/mo
0.5 miles
Demographics for 70808, LA
32,510
Population
18,833
Households
1.7
Avg Household Size
35
Median Age
65%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,709
Density / Sq Mi
$69,078
Median Household Income
$41,162
Median Earnings
$1,283
Median Rent
$392,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in East Baton Rouge County, LA
Properties on Market for Conventional restaurants in East Baton Rouge County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property is leased to a restaurant operator and sits just off I-10.
Where is this conventional restaurant located?
The property is located at 2450 South Acadian Thruway Baton Rouge, LA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 8,515 SF freestanding restaurant building; Currently leased to Saltgrass Steak House; Located just off I‑10
