211 Interstate Dr Jennings, LA 70546-3020
Property profile & analytics
211 Interstate Dr Jennings, LA 70546-3020
- Commercial land
- 1.00 lot acres
Property ID
US36-2108172
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- T-Mobile / Mobile Phone Store / Electronics & Wireless Store
- Starbucks / Cafe & Coffee Shop
Property Details for 211 Interstate Dr
- Lot size
- 1.00 lot acres
- Property type
- Commercial land
- APN
- 220791550
- APU
- 220791550
Description
This exceptional investment opportunity presents a fee-simple interest in a newly constructed (2023), two-tenant retail property located at 211 W Interstate Dr, Jennings, LA 70546. The 4,744 square foot building sits on a 1.09-acre lot and boasts a strong tenant lineup featuring Starbucks and T-Mobile, both operating under brand new, 10-year NNN leases with built-in rent bumps every five years. This provides a weighted average lease term of nearly 10 years, minimizing short-term rollover risk. The property enjoys 100% occupancy, generating a Net Operating Income (NOI) of $181,400 and a 6.50% cap rate, with an asking price of $2,791,000 ($588.32/sq ft). The property features 49 parking spaces and is zoned C-3: Highway Commercial District. Its strategic location along Elton Road, with direct access to Interstate 10, ensures high visibility and accessibility, benefiting from an average daily traffic count of 36,400 vehicles on Elton Road and 62,300 on I-10. The property is shadow-anchored by a Walmart Supercenter, further enhancing its appeal and drawing from a dense retail trade area including Tractor Supply Co., AutoZone, and other national retailers. The 5-mile trade area boasts over 13,900 residents and 7,200 daytime employees, with an average household income of $76,623. The property's proximity to several residential communities provides a strong local customer base. This investment offers a compelling combination of strong tenants, long-term leases, and a prime location in a thriving retail market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Jennings
- County
- Jefferson Davis
- State
- Louisiana
- Longitude
- -92.6602
- Latitude
- 30.2463
- CBSA code
- 27660
- CBSA name
- JENNINGS, LA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,210
$23,000
$0.00
$23,000
-
$230,000
$0.00
$230,000
