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Contact info

• 225-753-3573 [Office] 

Description

Great property for 1031 exchange. 8,320 SF Family Dollar Build to Suit currently under construction with the lease already in place on a 49,600 SF lot. Contruction should be completed and the 10 year initial lease term shall commence in May of 2012 and will expire September 30, 2022. Base rent is $126,500.04 annually for the initial term. There are 6 options of 5 years each to renew. 10% increase in base rent for each option period. Landlord is responsible for roof, structure, parking lot, exterior walls, gutter, downspouts, canopy, and exterior plumbing and electrical lines. Tenant responsible for non-structural interior, glass, doors, HVAC, landscaping, trash, utilities, parking lot stripping, parking lot lights, etc. Tenant reimburses landlord for taxes and insurance. Property is located in Baton Rouge, LA on heavily trafficed Plank Road with average daily traffic counts of 28,000 vehicles. Photo is prototype building with the same approved exterior finishes as the subject property. Building price details: $1,497,000.

Property Details

• Type: Retail
• Use Types:Free-Standing Building
• Status: Available
• MSA: Baton Rouge
• Buildings: 1
• Tenancy: Single Tenant

Terms

• Cash to Seller 

Map Locations