For Sale $2,985,000
Property Type Retail - Street Retail
Property Size 19,145 SF
Lot Size 0.52 Acre
Property Tenancy Multi-Tenant
Building Class A
Date Updated Apr 17, 2024

Located in Baton Rouge at the Gates of LSU.High Profile Retail Property on LSU Campus - Stabilized income stream with quality tenant mix. Currently 75% Occupied (14,511 sqft) with current actual NOI of $227,000. Additional 4,634 sqft second floor space that is currently out of commerce. Potential to develop short-term rental / party pad for value add NOI: $227,000 Cap Rate: 7.61% Tenant Roster Includes: Highland Coffees Bengals and Bandits (soft goods retailer) Vivint (home automation corporate office) Lit Vape Adjacent to the historic Chimes Restaurant and Chipotle Please contact agent for additional details including CA in order to receive all supporting financial information. CA is also attached to this listing - Please print, sign, scan and return.

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Highlights

High Profile Retail Property on LSU Campus - Stabilized income stream with quality tenant mix.
Currently 75% Occupied (14,511 sqft) with current actual NOI of $227,000
Additional 4,634 sqft second floor space that is currently out of commerce. Potential to develop short-term rental / party pad for value add
NOI: $227,000
Cap Rate: 7.61%
Tenant Roster Includes: Highland Coffees, Bengals and Bandits (soft goods retailer), Vivint (home automation corporate office), Lit Vape
Adjacent to the historic Chimes Restaurant and Chipotle
Please contact agent for additional details including CA in order to receive all supporting financial information

Contacts

Matthew Shirley

Saurage Rotenberg Commercial Real Estate

(225) 448-2916

Location

Getting Around

Walk Score ®
73/100 Very Walkable
Bike Score ®
69/100 Bikeable

Map
Street

City Baton Rouge, LA
Neighborhood South Baton Rouge
Zip Code 70802
Market Baton Rouge

Points of Interest

Shell

0.07 miles
Chevron

0.29 miles
Circle K

1.36 miles
Tesla Supercharger 1A

1.38 miles
Tesla Supercharger 1B

1.38 miles
Tesla Supercharger 2A

1.38 miles
Tesla Supercharger 2B

1.38 miles
Tesla Supercharger 3A

1.38 miles
Tesla Supercharger 3B

1.39 miles
Chevron

1.69 miles

Thomas Boyd Lot

0.19 miles
Lot P

0.31 miles
Lot J

0.37 miles
Student Union Lots

0.39 miles
Lot Q

0.42 miles
Lot M

0.48 miles
Lot L

0.50 miles
Lot R

0.56 miles
Parking 3A

1.62 miles
East River Center Parking Garage

1.93 miles

Five Guys

0.02 miles
The Chimes

0.03 miles
Chipotle

0.03 miles
Raising Cane's

0.04 miles
Subway

0.05 miles
Smoothie King

0.06 miles
Chinese Combo King

0.06 miles
Pita Pit

0.08 miles
Buffalo Wild Wings

0.08 miles
Kami Nari Sushi and Hibachi

0.08 miles

Bet-R

1.14 miles
Trader Joe's

1.43 miles
Walmart Neighborhood Market

1.80 miles
Walmart Supercenter

2.03 miles
Rouses Market

2.10 miles
Albertsons

2.14 miles
Walmart Supercenter

2.38 miles
Walmart

2.40 miles
Calandro's Supermarket

2.51 miles
SoSis Boutique

2.81 miles

Frequently Asked Questions

What is the lease rate for Reduced Investment at the North Gates of LSU?

Rental asking rate at *Reduced* Investment at the North Gates of LSU is $1,492,500.00/YR.

What is the total square footage of Reduced Investment at the North Gates of LSU?

*Reduced* Investment at the North Gates of LSU totals 19,145 square feet.

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