Grocery-Anchored Shopping
3446 Drusilla Ln, Baton Rouge, LA 70809
For Sale
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Grocery-anchored shopping center at a signalized multi-road intersection, suitable for retail leasing or acquisition.
Property Size94,134 SF
Price / SF$0.00
Days on Market142
Property Features for 3446 Drusilla Ln
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Highway Access
Building Details
Building Size
Year Built
Listing Agency:
JRE Brokerage
Listed By:
Will Chadwick
(225) 753-3573
Source:
Gojre
Added: Jun 25
Changed: Nov 12
Last Checked: Nov 12 at 6:11AM
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 JRE Brokerage
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Investment Insights
Based on property information with market context.
Drusilla Village is a grocery-anchored shopping center totaling 140,806 square feet, designed to support neighborhood-oriented retail around a convenience-focused anchor. The property is classified as a retail shopping center and includes storefront-style space as part of the overall tenant mix.
The center is located at a signalized intersection along Drusilla Ln, Jefferson Hwy, and I-12. This positioning provides straightforward vehicular access from multiple approaches and helps the center serve customers coming from different directions.
For buyers and tenants, the grocery-anchored format can be a practical fit for operators seeking a retail environment anchored by daily shopping demand. Retail users considering space at Drusilla Village can evaluate the existing shopping center configuration and align their use with a grocery-centric tenant ecosystem, supported by the property’s prominent intersection access.
The center is located at a signalized intersection along Drusilla Ln, Jefferson Hwy, and I-12. This positioning provides straightforward vehicular access from multiple approaches and helps the center serve customers coming from different directions.
For buyers and tenants, the grocery-anchored format can be a practical fit for operators seeking a retail environment anchored by daily shopping demand. Retail users considering space at Drusilla Village can evaluate the existing shopping center configuration and align their use with a grocery-centric tenant ecosystem, supported by the property’s prominent intersection access.
Key Highlights
- 140,806 SF grocery‑anchored shopping center
- Located at the signalized intersection of Drusilla Ln, Jefferson Hwy, and I‑12
- Built in 2001
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,203,155
Suggested Prices Based on Cap Rates
Cap Rate 5%
$44,063,100
$44.1M
Cap Rate 7%
$31,473,643
$31.5M
Cap Rate 9%
$24,479,500
$24.5M
Market Conditions
NOI Build-Up for 140,806 SF
Gross rent
$3.16M $22.44/SF
− Vacancy
−$12.3K −$0.09/SF
EGI
$3.15M $22.35/SF
− OpEx
−$944.2K −$6.71/SF
NOI
$2.20M $15.65/SF
Area
Baton Rouge, LA
Vacancy
0.39%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$44,063,100
Cap Rate 7%
$31,473,643
Cap Rate 9%
$24,479,500
Alternative Uses
Best Use
Specialty Retail
$33.72M
$29.51M – $39.34M
NOI $2,360,523 @ 7.0% cap
Second Best
Retail
$31.47M
$27.54M – $36.72M
NOI $2,203,155 @ 7.0% cap
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
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,353
Businesses Nearby
104k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 35%
Groceries 26%
Rouses Market
Groceries
26,885 visits/mo
0.1 miles
McDonald's
Dining
22,755 visits/mo
0.1 miles
Raising Cane's Chicken Fingers
Dining
15,392 visits/mo
0.1 miles
Circle K
Shops & Services
9,479 visits/mo
0.1 miles
Family Dollar
Shops & Services
8,849 visits/mo
0.1 miles
Demographics for 70809, LA
25,302
Population
13,872
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
14.4 sq mi
ZIP Area
1,757
Density / Sq Mi
$81,310
Median Household Income
$55,827
Median Earnings
$1,336
Median Rent
$305,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Baton Rouge
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Bluebonnet Crossing — 9618 Old Jefferson Hwy, Baton Rouge, LA 70809
- Two united Plaza — baton rouge, la 70809
- Jefferson Center — 8715 Jefferson Hwy, Baton Rouge, LA 70809
- Drusilla Shopping Center — Baton Rouge, LA 70809
Frequently Asked Questions
What type of property is this?
Shopping center - Grocery-anchored shopping center at a signalized multi-road intersection, suitable for retail leasing or acquisition.
Where is this shopping center located?
The property is located at 3446 Drusilla Ln Baton Rouge, LA.
What are key features of this property?
This property features: 140,806 SF grocery‑anchored shopping center; Located at the signalized intersection of Drusilla Ln, Jefferson Hwy, and I‑12; Built in 2001
