Net Leased investment Located on Government at Acadian adjacent to Rite Aid on Hard Corner Ample Parking. Near the proposed Westmoreland development Leased to Koolsmiles, a national dental clinic with excellent credit. 7 yr NNN Lease commences November 1, 2009.
NOI for 2013 is $108,895, with good bumps per yr. 8% cap,
Located on major signalized hard corner next to Rite Aid between downtown Baton Rouge and Baton Rouge Community College in Mid City Area retailers include Rite Aid, Walgreens, CVS, Albertsons, Piccadilly, Family Dollar, Radio Shack, Subway.
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Mid City South
Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.