Papa John’s in Baton Rouge, LA | Absolute-Net Lease

  • $1,025,538
7569, Jefferson Highway, Town Center at Cedar Lodge, Goodwood Estates, Baton Rouge, East Baton Rouge Parish, Louisiana, 70806, United States of America

Papa John’s in Baton Rouge, LA | Absolute-Net Lease

7569, Jefferson Highway, Town Center at Cedar Lodge, Goodwood Estates, Baton Rouge, East Baton Rouge Parish, Louisiana, 70806, United States of America
  • $1,025,538

Overview

Property ID: 18605
  • Property Type
  • Fast Food Properties

Description

Located at 7569, Jefferson Highway, East Baton Rouge Parish, Louisiana, this Papa John’s property comes with an absolute net lease that includes zero landlord responsibilities. The lease consists of a 10% hike in every option period. The immediate area has an average annual household income of more than $105,000. The property sees a traffic count of over 30,000 vehicles per day. More than 220,000 residents live within 5 miles.

Papa John’s Pizza is an American restaurant company. Headquartered in Jeffersontown, Kentucky, the company operates the third-largest pizza takeaway and delivery restaurant chain in the world. The company’s logo says, “Better Ingredients. Better Pizza. Papa John’s.” Papa John’s operates over 4,600 restaurants, out of which more than 3,200 restaurants are located in the U.S., and the rest are spread across 34 other countries. The company opened its 4,000th restaurant in September 2012 in New Hyde Park, New York.

This investment property is suitable for a 1031 exchange.

Property Details – 

  • Property Type – Fast Food Property
  • Property Status – Available
  • Location – 7569, Jefferson Highway, Town Center at Cedar Lodge, Goodwood Estates, Baton Rouge, East Baton Rouge Parish, Louisiana, 70806, USA
  • Year of Construction – N/A
  • Lease Type – Absolute Net Lease
  • Lease Expiration – 7 years 6 months
  • Property Size – N/A

Details

Updated on April 24, 2020 at 11:57 am
  • Price: $1,025,538
  • Property Type: Fast Food Properties
  • Property Status: Available
  • Cap Rate: 6.50%
  • Lease Expiration: 7 years 6 months
  • NOI: $66,660
  • Tenant: Papa John’s
  • Address 7569, Jefferson Highway, Town Center at Cedar Lodge, Goodwood Estates, Baton Rouge, East Baton Rouge Parish, Louisiana, 70806, United States of America
  • City Baton Rouge
  • State/county Louisiana
  • Zip/Postal Code 70806

Contact Information

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Ronnie Issenberg
  • Ronnie Issenberg

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