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Shopping Strip

College Creek Retail

3151 College Dr, Baton Rouge, LA 70808

Listing Price: $3,460,000

Cap Rate
7.51%
Gross SF
11,821
Rentable SF
11,821
Price/Gross SF
$292.70
Lot Size
1.30 acres
Year Built
2007

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

    (225) 376-6729

    License(s) LA: BROK.995710346-ASA

    Louisiana

Financing By

Shopping Strip

College Creek Retail

Listing Price: $3,460,000

Cap Rate
7.51%
Gross SF
11,821
Rentable SF
11,821
Price/Gross SF
$292.70
Lot Size
1.30 acres
Year Built
2007

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

    (225) 376-6729

    License(s): LA: BROK.995710346-ASA

    Louisiana

Financing By

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