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Miscellaneous

Greyhound Louisiana

1253 Florida Blvd, Baton Rouge, LA 70802

Listing Price: $1,350,000

Cap Rate
7.24%
Tenant Name
Greyhound
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
11,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.50

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Greyhound, Baton Rouge, LA (the “Property”), a +/-11,500-square-foot, single-tenant, industrial-flex building, located in Baton Rouge, Louisiana. The Greyhound Bus Station is less than one mile away from downtown Baton Rouge and fronts Florida Boulevard directly east of Interstate 110, a major north-south auxiliary highway in Louisiana that runs approximately nine miles, as a spur of Interstate 10 in the city of Baton Rouge. Greyhound has been a tenant at the location for over 20 years and currently has term through October 2029, with no options to extend thereafter. The terminal serves as a main intercity bus pickup and drop-off.

Greyhound Lines, Inc. operates the largest intercity bus service in North America. Their fleet of 1,700 coaches serves 230 stations and 1,700 destinations throughout the United States. The company's first route began in 1914, and the company adopted the Greyhound name in 1929. The company is now owned by Flix North America, Inc., an affiliate of FlixBus, and is headquartered in Downtown Dallas.

Investment Highlights

  • Rare Investment Opportunity: Located in a market that has limited available inventory, limited vacancy and strong demand for commercial properties
  • Triple-Net Lease : Minimal landlord responsibilities
  • Strategic Location: Less than one mile from downtown Baton Rouge, LA
  • Priced Well Below Replacement Cost

Exclusively Listed By

Miscellaneous

Greyhound Louisiana

Listing Price: $1,350,000

Cap Rate
7.24%
Tenant Name
Greyhound
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
11,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.50

Investment Highlights

  • Rare Investment Opportunity: Located in a market that has limited available inventory, limited vacancy and strong demand for commercial properties
  • Triple-Net Lease : Minimal landlord responsibilities
  • Strategic Location: Less than one mile from downtown Baton Rouge, LA
  • Priced Well Below Replacement Cost

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Greyhound, Baton Rouge, LA (the “Property”), a +/-11,500-square-foot, single-tenant, industrial-flex building, located in Baton Rouge, Louisiana. The Greyhound Bus Station is less than one mile away from downtown Baton Rouge and fronts Florida Boulevard directly east of Interstate 110, a major north-south auxiliary highway in Louisiana that runs approximately nine miles, as a spur of Interstate 10 in the city of Baton Rouge. Greyhound has been a tenant at the location for over 20 years and currently has term through October 2029, with no options to extend thereafter. The terminal serves as a main intercity bus pickup and drop-off. Greyhound Lines, Inc. operates the largest intercity bus service in North America. Their fleet of 1,700 coaches serves 230 stations and 1,700 destinations throughout the United States. The company's first route began in 1914, and the company adopted the Greyhound name in 1929. The company is now owned by Flix North America, Inc., an affiliate of FlixBus, and is headquartered in Downtown Dallas.

Exclusively Listed By

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