Krispy Kreme NNN
For Sale
Contact for pricing
5504 Plank Road, 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 Market55
Property Features for 5504 Plank Road
General Information
Standard status
Active
Size
4,270 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$165,612
Building Details
Year Built
2020
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
(305) 913-5545
Source:
Crexi
Added: Aug 13
Changed: Oct 1
Last Checked: Oct 5 at 5:00PM
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 Chicago | Americas Headquarters
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 / Yr
$71,584
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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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 Road 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
