2142 O'neal Ln Baton Rouge, LA 70816
- Lifestyle centers
- 73,606 SF
- 6.51 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 2142 O'neal Ln
- Lot size
- 6.51 lot acres
- Property size
- 73,606 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 73,606 square foot shopping center in Baton Rouge, Louisiana, anchored by a Dollar Tree and featuring 12 additional tenants. Located at 2142 O'Neal Lane, this prime retail property boasts a 7.44% cap rate and a net operating income (NOI) of $589,404, with an asking price of $7,920,000. The property sits on a 6.508-acre lot, offering significant visibility and accessibility due to its location near Interstate 12, Walmart Supercenter, and Aldi Grocery. The center benefits from high traffic counts generated by nearby national retailers and Ochsner Medical Center. This multi-tenant shopping center includes 16 units and features two signalized entrances. An optional 13,000 square foot outparcel, valued at $260,000, is also available for purchase. Furthermore, an adjacent 1.487-acre vacant land parcel is available for $400,000, presenting additional development potential. All tenants are credit-rated, ensuring a stable income stream. The property's strong financials, prime location, and expansion possibilities make it an attractive investment for discerning buyers. Detailed lease information is available upon request.
Value Estimation
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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
- -91.0076
- Latitude
- 30.4368
