Current Use by Public Records
- Whole Foods Market / Bakery / Specialty Food Shop
- Towne Center At Cedar Lodge / Shopping Center & Mall
- Amazon Hub Locker - Batonrouge / Postal Service / Courier Service
- Kikka Sushi / Restaurant
- Market Plate / Restaurant
Property Details for 7529 Corporate Blvd
- Year built
- 2005
- Lot size
- 29.65 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional core investment opportunity presents the Town Center at Cedar Lodge, a 316,031 square foot shopping center situated on a 29.65-acre lot in Baton Rouge, Louisiana. Built in 2005, this property boasts a remarkable 93% occupancy rate and a compelling 6.30% capitalization rate. The center's strong performance is reflected in its tenant sales, exceeding $110 million in 2023, and its high occupancy, currently at 93%, with annual contractual rent growth. Its prime location in Baton Rouge, at 7529 Corporate Blvd, 70806, places it within close proximity to Louisiana State University (LSU), a significant driver of foot traffic, generating over 3.5 million visits annually. The property's performance is ranked in the 90th percentile of shopping centers nationwide, indicating a superior investment opportunity. This well-established shopping center offers a stable income stream and significant potential for future growth, making it an attractive asset for discerning investors seeking a high-performing retail property in a thriving Louisiana market. The property's size and location, combined with its strong financial performance, make it a truly exceptional investment prospect.
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
- -91.1112
- Latitude
- 30.4323
