Krispy Kreme NNN
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5504 Plank Rd, Baton Rouge, LA 70805
Single-tenant restaurant leased under an absolute NNN ground lease with long-term renewal options.
Property Size4,270 SF
Price / SF$555.04
Days on Market5
Property Features for 5504 Plank Rd
General Information
Standard status
Active
Size
4,270 SF
Property subtype
RETAIL
Building Details
Tenancy
Single
Listing Agency:
JLL | Miami
(305) 913-5545
Listed By:
Alex Sharrin · License #475158824
(305) 913-5545
Source:
Moodyscre
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 6:25PM
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 JLL | Miami
Investment Insights
Based on property information with market context.
The property is a 4,270-square-foot single-tenant Krispy Kreme restaurant at 5504 Plank Rd in Baton Rouge, Louisiana. It is structured under an absolute NNN ground lease, placing the property within a clearly defined long-term lease framework.
The primary lease term has approximately 15.3 years remaining and includes 2.00% annual rent increases. The agreement also provides six five-year renewal options, creating an extended contractual term beyond the current period.
The primary lease term has approximately 15.3 years remaining and includes 2.00% annual rent increases. The agreement also provides six five-year renewal options, creating an extended contractual term beyond the current period.
Key Highlights
- 4,270‑square‑foot single‑tenant Krispy Kreme restaurant
- Absolute NNN ground lease structure
- Approximately 15.3 years remaining on the primary lease term
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
$71,584
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
3.02%
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%
$1,431,680
$1.4M
Cap Rate 7%
$1,022,629
$1.0M
Cap Rate 9%
$795,378
$795.4K
Market Conditions
NOI Build-Up for 4,270 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
$95.8K $22.44/SF
− Vacancy
−$374 −$0.09/SF
EGI
$95.4K $22.35/SF
− OpEx
−$23.9K −$5.59/SF
NOI
$71.6K $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 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%
$1,431,680
Cap Rate 7%
$1,022,629
Cap Rate 9%
$795,378
Alternative Uses
Best Use
Specialty Retail
$1.02M
$894.8K – $1.19M
NOI $71,584 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
156k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 35%
Apparel 9%
Home Improvements & Furnishings 2%
Raising Cane's Chicken Fingers
Dining
24,273 visits/mo
0.2 miles
McDonald's
Dining
22,983 visits/mo
0.5 miles
Krispy Kreme Doughnuts
Dining
18,309 visits/mo
0.1 miles
Capital One Bank
Shops & Services
14,985 visits/mo
0.2 miles
Family Dollar
Shops & Services
8,578 visits/mo
0.1 miles
Demographics for 70805, LA
26,025
Population
11,502
Households
2.3
Avg Household Size
34
Median Age
11%
College-Educated
72%
High-School Grad
11.4 sq mi
ZIP Area
2,283
Density / Sq Mi
$26,301
Median Household Income
$24,287
Median Earnings
$833
Median Rent
$103,100
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?
NNN property - Single-tenant restaurant leased under an absolute NNN ground lease with long-term renewal options.
Where is this nnn property located?
The property is located at 5504 Plank Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,370,000.
What are key features of this property?
This property features: 4,270‑square‑foot single‑tenant Krispy Kreme restaurant; Absolute NNN ground lease structure; Approximately 15.3 years remaining on the primary lease term
