5295 Highland Rd Baton Rouge, LA 70808-6547
Property profile & analytics
5295 Highland Rd Baton Rouge, LA 70808-6547
- Commercial land
Property ID
US36-2560403
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
- Circle K / Car Wash
- Highland Village Shopping Center / Shopping Center & Mall
- CAVA / Restaurant
- Circle K 7652 / Gas Station
Property Details for 5295 Highland Rd
- Property type
- Commercial land
- APN
- 610003
- APU
- 610003
Description
This exceptional investment opportunity presents a 2,900 square foot, free-standing Cava restaurant in Baton Rouge, Louisiana. Located at 5295 Highland Rd, 70808, this 2023-built property sits on a 0.9-acre lot and benefits from a hard corner location with excellent visibility at the intersection of Highland Road and Lee Drive (21,709 vehicles per day). The property features a drive-thru and is situated within a thriving retail corridor adjacent to Highland Village Shopping Center, anchored by a Walmart Neighborhood Market, and near other national retailers such as The UPS Store, CVS, Walgreens, and Raising Cane's. The tenant, Cava, a publicly traded company, signed a new 15.1-year NNN lease commencing January 3, 2024, and expiring January 31, 2039, with four 5-year renewal options. The lease includes 10% rental increases every five years. The current net operating income (NOI) is $197,199, resulting in a 5.50% cap rate. The asking price is $3,585,453 ($1,236.36 per square foot). The property's strategic location, just one mile from Louisiana State University (over 37,000 students), contributes to its strong performance. The surrounding area boasts a population exceeding 146,000 within a 5-mile radius and an average household income over $90,000. The property offers a long-term, secure investment with significant upside potential due to Cava's growth trajectory (72 new locations in 2023 and 50 in 2024, aiming for 1,000 units by 2032) and the lease's built-in rent escalations. The 20-year roof warranty has 19 years remaining. This is a rare opportunity to acquire a high-performing, corporately guaranteed net lease investment in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,010,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.1598
- Latitude
- 30.3944
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN 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
$2,117
$17,770
$0.00
$17,770
-
$177,700
$0.00
$177,700
