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6708 Scenic Hwy
Baton Rouge, LA 70807

$2,621,600 USD

Convenience Store For Sale  •  7,700 SF

Property Details

• Property Type Convenience Store
• Total Building Size 7,700 SF
• Lot Size 0.79 AC
• Building Class B
• Year Built 2022
• Cap Rate 8.50 %
• Tenancy Single

0 Transit Score

35 Walk Score

Highlights

Lease Term: 12-Years Term Remaining on an Absolute Triple Net Lease With Zero Landlord Responsibility

Strong Guarantee: Strong Personal Guarantee From the CEO of IMTAA: a Successful Grocery Store and Convenience Store Operator

High Yield Opportunity: Opportunity to Take Advantage of a High Yield Opportunity in a Higher Interest Rate Environment

Rental Increases: Strong Hedge Against Inflation With 2% Annual Rent Increases

Each Grocery Store is Strategically Located in Dense Residential Areas of Baton Rouge, Which is Home to Over 223,000 Residents

Baton Rouge, The Capital of Louisiana, is Home to Louisiana State University, Which Enrolls Over 37,000 Students Each Year

Cap Rate:

8.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
IMTAA	7,700 SF	4/18/2036

Public Transportation

Airport	Drive	Walk	Distance
Baton Rouge Metro Ryan Field	6 min	-	3.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes