9728 Sullivan Rd Baton Rouge, LA 70818
- Retail space
- 1,421 SF
- 0.53 lot acres
Current Use by Public Records
- Take 5 Oil Change / Oil Change Service
Property Details for 9728 Sullivan Rd
- Year built
- 2023
- Lot size
- 0.53 lot acres
- Property size
- 1,421 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a 14-year remaining term on a brand-new, 1,421 square foot Take 5 Oil Change ground lease in Baton Rouge, Louisiana. Located on a 0.53-acre lot at 9728 Sullivan Rd, this property boasts a prime location with high visibility and accessibility along a major thoroughfare (29,216 AADT). The 2023-built facility benefits from a corporate guarantee and a 15-year initial lease term commencing August 15, 2023, and expiring August 31, 2038. The lease includes rent bumps, ensuring consistent income growth. The property generates a strong NOI of $75,000, representing a 6.00% cap rate on the $1,250,000 asking price. This absolute NNN lease offers a passive income stream with minimal landlord responsibilities. The strategic location within a thriving retail corridor, adjacent to a Walmart Supercenter and surrounded by other national brands like ALDI, CVS, and numerous restaurants, ensures a large and reliable customer base. Furthermore, the property's proximity to substantial residential developments, including The Settlement on Shoe Creek, contributes to its strong potential for continued growth. The affluent demographics, with an average household income exceeding $117,459 within a three-mile radius, further enhance the investment's appeal. This is a compelling opportunity for a 1031 exchange.
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
- -91.0281909
- Latitude
- 30.5380163
