4222 Government St | Baton Rouge, LA 70806
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4222 Government St
Baton Rouge, LA 70806
NNN Mid-City Little Caesar's For Sale · Retail Property For Sale
Executive Summary
STNL Little Caesar's restaurant with drive-thru available for sale in Baton Rouge's booming Mid-City neighborhood. Located in a high-growth rapidly transitioning area known as the Magazine St. of Baton Rouge with tenant's business profits/sales on a steady rise. Quality AAA credit tenant. 5 year NNN lease with 3 5 year options. 10% increases every 5 years. 5.6% CAP rate. Corner lot with easy access to Capital Heights neighborhood and Government St. 134' frontage on Glenmore and 133' frontage along Government St. Very Walkable neighborhood. 21,298 traffic count cars per day. Located near Curbside Burgers, Calandro's and La Caretta.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,053 SF
Building Class
C
Year Built
2012
Price
£639,185
Price Per SF
£311
Net Initial Yield
5.60%
NOI
£35,794
Tenancy
Single
Number of Floors
1
Zoning
C-2 - C-2
Parking
16 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £9,517 | |
| Land Assessment | £10,626 | Total Assessment | £20,143 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£10,626
Improvements Assessment
£9,517
Total Assessment
£20,143
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