Freestanding Convenience Store on High-Traffic
7808 Greenwell Springs Rd, Baton Rouge, LA 70814
For Sale
Contact for pricing
Convenience store on a high-traffic corner with long-term lease.
Property Size4,991 SF
Price / SF$400.72
Days on Market241
Property Features for 7808 Greenwell Springs Rd
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
Fortis Net Lease
Listed By:
Robert Bender · License MI #6501323470
(248) 254-3406
Source:
Crexi
Added: Mar 19
Changed: Nov 11
Last Checked: Nov 14 at 2:27AM
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
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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.
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 / Yr
$83,671
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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.
