Shopping Strip
College Creek Retail
3151 College Dr, Baton Rouge, LA 70808
Listing Price: $3,460,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale College Creek Retail, a 11,821-square-foot shopping center located at 3151 College Drive in Baton Rouge, Louisiana.
College Creek Retail is offered for sale at a price of $3,460,000, which is a 7.51 percent cap rate. The subject property is a fully stabilized center with additional land, which has been approved for storage development, offering significant value-add potential. A buyer could also add value by switching the gross leases to triple-net leases.
The subject property is located in an affluent area, near Louisiana State University. It is also in a strategic location near a Walmart Supercenter as well as other premium national retailers, such as Trader Joe’s, Sprouts, Albertson’s, and Chick-fil-A.
Investment Highlights
- Stabilized and Fully Occupied Asset: This retail center is 100 percent occupied, ensuring consistent cash flow from existing tenants.
- National Tenant Presence: Filling the end caps are two national tenants, providing creditworthy income and attracting consistent consumer traffic.
- Prime Location Near Walmart Supercenter: Strategically located just down the street from a Walmart Supercenter, which serves as a major retail traffic driver in the area.
- High Occupancy History: Situated in a heavily trafficked corridor with limited retail space availability, this property has maintained a strong history of high occupancy rates.
- Value-Add Opportunity: Includes additional land approved for storage development, offering significant potential for a buyer to enhance the property's income and value.
- Affluent Demographics: Within a 1-mile radius, the average household income is $120,752, and the population within a 5-mile radius totals 192,586, providing a strong customer base.
- Proximity to Premium Retailers: Located near Trader Joe's, Sprouts, Albertsons, Chick-fil-A, further boosting consumer draw to the area and complementing the tenant mix.
- Louisiana State University (LSU): Situated just 3 miles from LSU, the property benefits from proximity to a major university, driving additional traffic and demand for retail services.
Exclusively Listed By
Broker of Record
-
Steve Greer
First Vice President Investments
Financing By
Listing Price: $3,460,000
Investment Highlights
- Stabilized and Fully Occupied Asset: This retail center is 100 percent occupied, ensuring consistent cash flow from existing tenants.
- National Tenant Presence: Filling the end caps are two national tenants, providing creditworthy income and attracting consistent consumer traffic.
- Prime Location Near Walmart Supercenter: Strategically located just down the street from a Walmart Supercenter, which serves as a major retail traffic driver in the area.
- High Occupancy History: Situated in a heavily trafficked corridor with limited retail space availability, this property has maintained a strong history of high occupancy rates.
- Value-Add Opportunity: Includes additional land approved for storage development, offering significant potential for a buyer to enhance the property's income and value.
- Affluent Demographics: Within a 1-mile radius, the average household income is $120,752, and the population within a 5-mile radius totals 192,586, providing a strong customer base.
- Proximity to Premium Retailers: Located near Trader Joe's, Sprouts, Albertsons, Chick-fil-A, further boosting consumer draw to the area and complementing the tenant mix.
- Louisiana State University (LSU): Situated just 3 miles from LSU, the property benefits from proximity to a major university, driving additional traffic and demand for retail services.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale College Creek Retail, a 11,821-square-foot shopping center located at 3151 College Drive in Baton Rouge, Louisiana. College Creek Retail is offered for sale at a price of $3,460,000, which is a 7.51 percent cap rate. The subject property is a fully stabilized center with additional land, which has been approved for storage development, offering significant value-add potential. A buyer could also add value by switching the gross leases to triple-net leases. The subject property is located in an affluent area, near Louisiana State University. It is also in a strategic location near a Walmart Supercenter as well as other premium national retailers, such as Trader Joe’s, Sprouts, Albertson’s, and Chick-fil-A.
Exclusively Listed By
Broker of Record
-
Steve Greer
First Vice President Investments
Financing By

