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    11297 Florida Blvd Baton Rouge, LA 70815

    Sponsored
    For Sale
    $2,634,730

    Baton Rouge, LA - High-Yield Retail

    Property size:
    13,620 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 13,620 square foot Walgreens located at 11297 Florida Blvd, Baton Rouge, LA 70815. The property boasts a highly desirable absolute NNN lease structure, minimizing landlord responsibilities. Built in 1993, this single-story building sits on a 1.67-acre lot and enjoys a prime hard corner location within a dense retail market. The current lease, with Walgreens, a credit-rated tenant, has a remaining term of 5.2 years, expiring January 30, 2030, and includes four or five-year renewal options. The property generates a strong net operating income (NOI) of $219,999, resulting in an attractive 8.35% cap rate. The asking price is $2,634,730, translating to $193.45 per square foot. This strategically located asset benefits from its proximity to Louisiana State University and its position in Baton Rouge, Louisiana's capital city. The property's long-standing tenancy with a nationally recognized brand like Walgreens, coupled with its strong financial performance and minimal landlord responsibilities, makes it an ideal addition to any investment portfolio. The property's Class A designation further underscores its quality and desirability. This is a rare opportunity to acquire a stable, high-performing retail investment in a thriving market.

    Property Features for 11297 Florida Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    13,620 SF
    Class
    A
    Lot Size
    72,745 SF

    Building Details

    Year Built
    1993
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Absolute NNN lease; no landlord responsibilities.
    • 1993 construction; long‑term tenant with strong site commitment.
    • Hard corner location in a dense retail market.
    • Baton Rouge, LA location; Louisiana's capital and home to LSU.
    • Walgreens; second‑largest US pharmacy chain with ~8,700 locations.
    • Hard corner location at a busy, signalized intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy LibertyX Bitcoin ATM Atm FedEx OnSite Mailing Service Western Union Money Transfer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.058210844692
    Latitude
    30.459196433602

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    FAQs

    What type of property is this?
    Lifestyle center - Baton Rouge, LA - High-Yield Retail
    Where is this lifestyle center located?
    The property is located at 11297 Florida Blvd Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $2,634,730.
    What are key features of this property?
    This property features: Absolute NNN lease; no landlord responsibilities.; 1993 construction; long-term tenant with strong site commitment.; Hard corner location in a dense retail market.
    Request Owner's contact information
    11297 Florida Blvd Baton Rouge, LA 70815
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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
    11297 Florida Blvd Baton Rouge, LA 70815
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