Target Shops

1

2121 Millerville Road
Baton Rouge, LA

Price: $4,052,000
Cap Rate: 6.5%
NOI: $263,350
Building Size: Approx. 7,300 Sq. Ft.
Lot Size: Approx. 1.19 Acres
Status: Available
Type: Multi-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2017

Investment Overview

  • 2017 Construction | 7,300+/- SF Building on 1.19+/- Acre Site
  • 10-Year Corp Net Leases with Multiple Renewal Options & Bumps
  • Located along Millerville Rd (14K VPD), just N of Interstate 12 (92K VPD)
  • Target Outparcel | Near Lowe’s, Hobby Lobby, Walmart, SBUX, Chili’s, Chase
  • Near The White Stone Apt (224-Units) | The Regent Apt Homes (176-Units)
  • Across The Greens @ Millerville (New 53-Acre Mixed-Used Development)
  • 10-Miles East of Louisiana State University (29,292 Student Enrollment)
  • Attractions: Old State Capital | LSU | Myrtles Plantation | Baton Rouge Zoo
  • Major Industries: Energy | Education | Manufacturing | Audio Engineering
  • Baton Rouge, state capital, is a culturally rich city & second largest in the state
  • 3-Miles 2017 Estimated Pop: 73,154 l  3-Miles Avg Household Income $78,041