13505 Millerville Grn BlvdBaton Rouge, LA 70816

Property Details for 13505 Millerville Grn Blvd

Year built

2022

Lot size

2.06 AC

Property size (Sq ft)

14,933 SF

Property type

Sports & entertainment properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 14,933 square foot, newly constructed (2022) Range USA facility in Baton Rouge, LA. Located at 13505 Millerville Greens Blvd, this property boasts a prime location with high visibility along Interstate 12, experiencing over 88,000 vehicles daily. The property sits on a 2.06-acre lot and benefits from a strong tenant, Range USA, the nation's leading indoor gun range and retail shop, operating under a 20.1-year absolute NNN lease with four, five-year renewal options. The lease commenced July 11, 2022, and includes a 5% rent increase every five years, providing significant long-term growth potential. The current lease term has 17.7 years remaining, and the property enjoys 100% occupancy, generating a substantial net operating income (NOI) of $322,744, resulting in a 7.00% cap rate. The asking price is $4,611,000. This investment is backed by a corporate guarantee and is situated in a densely populated area with over 150,000 people within a five-mile radius, including proximity to major retailers like Target, Best Buy, Lowe's, PetSmart, and Chick-fil-A. This presents a rare opportunity to acquire a high-performing, low-maintenance, long-term net lease investment with a strong, nationally recognized tenant.

Location Insight

City

Baton Rouge

County

East Baton Rouge Parish

State

Louisiana

Latitude

30.4385

Longitude

-91.0278

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.