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    12606 Choctaw Drive Ext Baton Rouge, LA 70807

    Sponsored
    For Sale
    $2,621,000

    High-yield, NNN-leased grocery store.

    Property size:
    7,385 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 7,385-square-foot grocery store located at 12606 South Choctaw Drive, Baton Rouge, LA 70807. The property is currently 100% occupied under an absolute triple-net (NNN) lease with IMTAA, a successful grocery and convenience store operator, providing a secure investment with zero landlord responsibilities. The lease commenced April 19, 2021, and has a remaining term of approximately 11.4 years, expiring April 18, 2036, with four 5-year renewal options. The asking price is $2,621,000, representing a price per square foot of $354.91 and an attractive 8.50% cap rate based on a net operating income (NOI) of $222,853. Rent increases are built in with 2% annual bumps, offering a strong hedge against inflation. The property benefits from a strong personal guarantee from the CEO of IMTAA. The strategic location in a densely populated residential area of Baton Rouge, a city with over 223,000 residents and home to Louisiana State University (over 37,000 students), ensures strong tenant performance and future growth potential. Nearby national tenants include McDonald's, Advance Auto Parts, Subway, Dollar General, and many more, further enhancing the property's desirability and visibility. This is a compelling investment opportunity in a thriving market.

    Property Features for 12606 Choctaw Drive Ext

    General Information

    Property type
    Lifestyle centers
    Square Feet
    7,385 SF

    HighLights

    • 12‑year remaining term on a triple‑net lease (NNN).
    • Strong personal guarantee from the CEO of a successful grocery and convenience store operator.
    • High‑yield investment opportunity in a rising interest rate environment.
    • 2% annual rent increases provide 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

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    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
    -91.1833043
    Latitude
    30.5340755

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield, NNN-leased grocery store.
    Where is this lifestyle center located?
    The property is located at 12606 Choctaw Drive Ext Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $2,621,000.
    What are key features of this property?
    This property features: 12-year remaining term on a triple-net lease (NNN).; Strong personal guarantee from the CEO of a successful grocery and convenience store operator.; High-yield investment opportunity in a rising interest rate environment.
    Request Owner's contact information
    12606 Choctaw Drive Ext Baton Rouge, LA 70807
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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
    12606 Choctaw Drive Ext Baton Rouge, LA 70807
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