10440 Coursey Blvd, Baton Rouge, LA 70816
- Retail properties & Spaces
- 10,000 SF
- 1.00 lot acres
Current Use by Public Records
- Amazon Locker - Agostino / Courier Service / Postal Service
- Dollar Tree / Discount Store
Property Details for 10440 Coursey Blvd
- Year built
- 2015
- Lot size
- 1.00 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 10,000-square-foot retail property in Baton Rouge, Louisiana, currently leased to Dollar Tree under a double-net (NN+) lease with a corporate guarantee. The lease, commencing February 2, 2015, and expiring February 27, 2035, offers a remaining term of 10.3 years, providing significant long-term stability. The property boasts a strong 7.50% cap rate based on a net operating income (NOI) of $115,000 and an asking price of $1,533,000, translating to $153.30 per square foot. Built in 2015, this fee-simple property sits on a one-acre lot and includes a rent increase provision every five years, with a notable increase scheduled in year six of the current lease. The property enjoys a prime location on Coursey Boulevard, a high-traffic area (27,078 vehicles per day), and benefits from proximity to major retailers such as Home Depot, Walmart, Costco, and Starbucks. The 100% occupancy rate and strong demographics (196,000+ population within a five-mile radius) further enhance the investment appeal. The lease includes one remaining 5-year option. This is a rare opportunity to acquire a well-located, stable, and high-performing net-lease property with a nationally recognized tenant.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge Parish
- State
- Louisiana
- Longitude
- -91.065
- Latitude
- 30.4157
