9827 Bluebonnet Blvd Baton Rouge, LA 70810
- Retail properties
- 2,425 SF
- 0.87 lot acres
Current Use by Public Records
- Burger King / Fast Food Restaurant / Restaurant
Property Details for 9827 Bluebonnet Blvd
- Year built
- 2007
- Lot size
- 0.87 lot acres
- Property size
- 2,425 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee simple interest (land and building) in a thriving Burger King restaurant located at 9827 Bluebonnet Blvd, Baton Rouge, LA 70810. The 2,425 square foot property, built in 2007, sits on a 0.87-acre lot and boasts 87 parking spaces. Currently operating under a 20-year NNN lease with a corporate guarantee from GPS Hospitality, the lease commenced September 7, 2007, and expires September 6, 2027, with four remaining 5-year renewal options. The lease includes 2% annual rent increases beginning in year six, ensuring consistent NOI growth. The property enjoys a 100% occupancy rate, generating a Net Operating Income (NOI) of $126,824, resulting in a 6.61% cap rate and a price per square foot of $791.75. The asking price is $1,920,000. This prime location benefits from high visibility at a signalized intersection of Bluebonnet Blvd and State Hwy 42 (47,000 VPD), proximity to the Mall of Louisiana (1,559,000 SF), and a dense retail corridor with strong national tenants. The 5-mile trade area boasts over 111,000 residents and 119,000 employees, with a 3-mile radius average household income exceeding $117,466. The property is zoned for general commercial use and features a convenient drive-thru. This is an ideal passive investment opportunity with zero landlord responsibilities.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge Parish
- State
- Louisiana
- Longitude
- -91.1087
- Latitude
- 30.3561
