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    6708 Scenic Hwy Baton Rouge, LA 70807

    For Sale
    $2,621,600

    High-yield, NNN-leased grocery store.

    Property size:
    7,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a 7,700-square-foot grocery store located at 6708 Scenic Highway in Baton Rouge, Louisiana, 70807. The property boasts a strong 8.50% cap rate and a substantial net operating income (NOI) of $222,836. Currently operating under an absolute triple-net (NNN) lease with IMTAA, a successful grocery store operator, the lease features zero landlord responsibilities, providing a secure investment with minimal management overhead. The lease commenced April 19, 2021, and has a remaining term of approximately 11.4 years, extending to April 18, 2036, with four 5-year renewal options. Annual rent increases of 2% offer a built-in hedge against inflation. The property's strategic location in a densely populated residential area of Baton Rouge, near major national retailers such as McDonald's, Lowe's, and The Home Depot, ensures consistent traffic and strong tenant performance. The asking price is $2,621,600, translating to a price per square foot of $340.47. This investment is further strengthened by a personal guarantee from the CEO of IMTAA. Baton Rouge's robust economy, fueled by Louisiana State University's substantial student population, contributes to the property's long-term growth potential. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset in a thriving market.

    Property Features for 6708 Scenic Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,700 SF

    HighLights

    • 12‑Year Absolute Triple Net Lease with zero landlord responsibilities.
    • Strong personal guarantee from the CEO of IMTAA, a successful grocery and convenience store operator.
    • High‑yield investment opportunity in a rising interest rate environment.
    • 2% annual rent increases, providing inflation protection.
    • Grocery stores located in dense Baton Rouge residential areas (population over 223,000).
    • Baton Rouge, Louisiana's capital, benefits from Louisiana State University's 37,000+ student population.
    Property Profile Location Intelligence

    Current Use by Public Records

    Redeemed Church-The Living Church LibertyX Bitcoin ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1728703
    Latitude
    30.5110183

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, NNN-leased grocery store.
    Where is this individual retail property located?
    The property is located at 6708 Scenic Hwy Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $2,621,600.
    What are key features of this property?
    This property features: 12-Year Absolute Triple Net Lease with zero landlord responsibilities.; Strong personal guarantee from the CEO of IMTAA, a successful grocery and convenience store operator.; High-yield investment opportunity in a rising interest rate environment.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6708 Scenic Hwy Baton Rouge, LA 70807
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