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    8620 Airline Hwy Baton Rouge, LA 70815

    Sponsored
    For Sale
    $3,849,000

    Planet Fitness Sale-Leaseback, High-Traffic Location

    Property size:
    45,198 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A retail property in Baton Rouge, Louisiana, presents a unique investment opportunity. The 45,198 square foot building sits on a 4.7-acre lot at the Airline Hwy/Florida Blvd interchange, a high-traffic area. The property features a 23,000 square foot space occupied by a Planet Fitness under a sale-leaseback agreement, providing immediate positive cash flow. An additional 22,198 square feet of vacant space offers significant value-add potential. This space includes two truck wells, making it suitable for various businesses. The property boasts 238 parking spaces and is zoned C2. The single-story building is comprised of two units and is currently 51% occupied. The asking price is $3,849,000, translating to $85.16 per square foot. This NNN lease structure minimizes landlord responsibilities, making it an attractive investment for those seeking a low-maintenance, high-return property. The property's prime location and the presence of a national tenant make it an ideal investment for both experienced and new investors. Serious inquiries only.

    Property Features for 8620 Airline Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    45,198 SF
    Class
    A
    Lot Size
    204,732 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • $3,849,000 asking price for a 45,198 SF retail property.
    • Class A, single‑tenant, NNN lease with Planet Fitness occupying 23,000 SF.
    • Sale‑leaseback opportunity with an additional 22,198 SF vacant space available for lease or owner‑operator use.
    • Located in Baton Rouge, LA at a high‑traffic intersection (Airline Hwy/Florida Blvd).
    • 4.7‑acre lot with 238 parking spaces and C2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Planet Fitness Gym

    Suggested Use

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

    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
    -91.0972335
    Latitude
    30.4503286

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    FAQs

    What type of property is this?
    Lifestyle center - Planet Fitness Sale-Leaseback, High-Traffic Location
    Where is this lifestyle center located?
    The property is located at 8620 Airline Hwy Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $3,849,000.
    What are key features of this property?
    This property features: $3,849,000 asking price for a 45,198 SF retail property.; Class A, single-tenant, NNN lease with Planet Fitness occupying 23,000 SF.; Sale-leaseback opportunity with an additional 22,198 SF vacant space available for lease or owner-operator use.
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    8620 Airline Hwy Baton Rouge, LA 70815
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    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
    8620 Airline Hwy Baton Rouge, LA 70815
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