Bluebonnet Square Listing Details & Market Data

Bluebonnet Square Shopping Center is located at the demographic center of Baton Rouge within the desirable Essen/Bluebonnet Submarket. The Property is located directly off of I-12 (±104k VPD) which provides access to the broader area. The Property is situated on an expansive ±3.66 acre parcel at the signalized hard corner intersection of Airline Hwy and Bluebonnet Blvd (±41k VPD). The Property benefits from some of the highest traffic counts in Baton Rouge and features pylon signage, excellent visibility and exposure from both Airline Hwy and Bluebonnet Blvd. The Property is located in a dense retail corridor and located near an Amazon Distribution Center, Costco, Home Depot, and Floor & Decor. The Property also benefits from dense and compelling demographics and in 2020 had approximately ±188,458 individuals residing within a five-mile radius of the property with an average household income of $90,951. Additionally, within a 5-mile radius of the Property there are ±17,446 businesses, ±170,342 employees and the total annual specified consumer spending accounts for ±$1,958,127,000. The Property is located near local economic generators and a short drive from Louisiana State University, Baton Rouge River Center and the Mall of Louisiana; and positioned just ±15-minutes from Baton Rouge Metropolitan-Ryan Field Airport.Bluebonnet Square Shopping Center is a ±41,356 SF retail strip center located at 10330 Airline Highway in Baton Rouge, LA. With a strong in-place income-stream, Bluebonnet Square Shopping Center presents investors with an excellent opportunity to acquire a retail property that is both generating income and offers a substantial value-add through continued lease-up strategies and future pad site development. Constructed in 2009, the Property contains ±41,356 SF and has 23 retail units ranging in size from ±1,300 SF to ±6,875 SF. The Property features a diverse, internet resistant tenant mix with staggered lease expirations and renewal options. The Property is currently ±66.8% occupied with ±10,000 SF available for immediate occupancy. Bluebonnet Square Shopping Center is anchored by Humana (16.6% GLA) and complemented by a with diverse mix of local and national tenants including T-Mobile, Mariner Finance, US Air Force, Subway, China One, Mango's Daiquiris, Isabella’s Pizza, Rogue Games, Accent Nails, Elgin’s Jewelers and CC’s Coffee (Pad Site). Bluebonnet Square Shopping Center offers investors stable in-place income wit h substantial upside via vacancy absorption, contractual rental increases, and mark-to-market renewals upon rollover. Positioned on a ±4 AC parcel with 260 parking spaces, this offering includes a ±2,200 SF pad site allowing for future expansion/build to suit for a long term tenant/QSR. Bluebonnet Square Shopping Center offers investors the opportunity to purchase a Humana-anchored retail center with both stable income and significant upside in a robust market.