7978 Choctaw Dr Baton Rouge, LA 70815-8013

Property Details for 7978 Choctaw Dr

Property size

6,506 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

806854

APU

806854

Description

This exceptional investment opportunity presents a 30,000-square-foot manufacturing facility situated on a 1.47-acre lot in Baton Rouge, Louisiana. The property, built in 1985, is currently 100% occupied under a 15-year triple-net (NNN) lease with a reputable tenant, Precision Machining & Fabrication Co. The lease commenced upon closing and features a strong annual net operating income (NOI) of $460,166, with built-in 2% annual rent increases to protect against inflation. This provides a compelling 8.15% capitalization rate on the asking price of $5,646,209. The property's location offers significant advantages, with close proximity to major oil refineries in the region. The NNN lease structure ensures minimal landlord responsibilities, making this a low-maintenance, high-return investment. The long-term lease provides stable cash flow and significant future appreciation potential. This is a rare opportunity to acquire a well-located, high-performing industrial asset with a secure, long-term lease in place. The address is 7978 S Choctaw Dr, Baton Rouge, LA 70815. This property is zoned for industrial use and offers significant potential for long-term growth and profitability. The tenant's strong financial position and the long-term lease structure provide a high degree of security and predictability for investors. The property's location near major oil refineries adds to its strategic value and long-term prospects.