Freestanding Convenience Store on High-Traffic
For Sale
Contact for pricing
7808 Greenwell Springs Rd, Baton Rouge, LA 70814
Convenience store on a high-traffic corner with long-term lease.
Property Size4,991 SF
Price / SF$400.72
Days on Market147
Property Features for 7808 Greenwell Springs Rd
General Information
Standard status
Active
Size
4,991 SF
Class
C
Property subtype
Retail
Zoning
C
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$149,817
Building Details
Year Built
1984
Year Renovated
2024
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 254-3406
Listed By:
Robert Bender · License #MI 6501323470
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Aug 11 at 9:39AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This 4,991 square foot convenience store is located at 7808 Greenwell Springs Road in Baton Rouge, Louisiana. The property is positioned at the intersection of two high-traffic corridors, with 22,000 vehicles per day on Greenwell Springs Road and 50,000 vehicles per day on Highway 190. It is situated within a retail node surrounded by national retailers. The location serves the densely populated northeastern Baton Rouge trade area, within a residential and commercial corridor. Strong ingress and egress enhance accessibility. The property is secured by a 20-year Absolute NNN lease with four 5-year renewal options. The lease features 2% annual rent increases. The asset generates a Net Operating Income (NOI) of $149,816.
Key Highlights
- 20‑year absolute NNN lease provides long‑term passive income.
- Located at the intersection of high‑traffic corridors with 72,000 vehicles per day.
- Lease includes 2% annual rent increases, ensuring compounding income growth.
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
$83,671
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
4.18%
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%
$1,673,420
$1.7M
Cap Rate 7%
$1,195,300
$1.2M
Cap Rate 9%
$929,678
$929.7K
Market Conditions
NOI Build-Up for 4,991 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
$112.0K $22.44/SF
− Vacancy
−$437 −$0.09/SF
EGI
$111.6K $22.35/SF
− OpEx
−$27.9K −$5.59/SF
NOI
$83.7K $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 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%
$1,673,420
Cap Rate 7%
$1,195,300
Cap Rate 9%
$929,678
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.39M
NOI $83,671 @ 7.0% cap · market cap 4.18%
Second Best
Retail
$1.12M
$976.2K – $1.30M
NOI $78,093 @ 7.0% cap · market cap 3.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 37%
Home Improvements & Furnishings 5%
Jack in the Box
Dining
10,979 visits/mo
0.4 miles
Pull-A-Part
Shops & Services
3,924 visits/mo
0.1 miles
U-Haul
Shops & Services
3,308 visits/mo
0.3 miles
SUBWAY
Dining
3,217 visits/mo
0.4 miles
Graybar
Home Improvements & Furnishings
1,355 visits/mo
0.4 miles
Demographics for 70814, LA
14,061
Population
5,126
Households
2.7
Avg Household Size
37
Median Age
19%
College-Educated
92%
High-School Grad
8.9 sq mi
ZIP Area
1,580
Density / Sq Mi
$53,280
Median Household Income
$36,031
Median Earnings
$1,064
Median Rent
$181,600
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?
Grocery and convenience store - Convenience store on a high-traffic corner with long-term lease.
Where is this grocery and convenience store located?
The property is located at 7808 Greenwell Springs Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 20‑year absolute NNN lease provides long‑term passive income.; Located at the intersection of high‑traffic corridors with 72,000 vehicles per day.; Lease includes 2% annual rent increases, ensuring compounding income growth.
