- Long-Term Tenant (20+ yrs) | 10 Yr Lease Extension in 2018
- NNN Lease | Four (5-Yr) Options w/ Increases
- Complete Corporate Remodel in 2018 (New Roof, Parking Lot + 4,000 SF added)
- Excellent Demographics | Over 212,000 people within 5-miles
- Traffic Counts exceed 50,000 vpd on Airline Hwy.
- Good Performing Store | See Agent for Details
Marcus & Millichap is pleased to offer the opportunity to acquire the fee-simple interest (land & building) in a NNN-leased, Corporate-Guaranteed Conn’s HomePlus investment property located in Baton Rouge, LA. The tenant, Conn’s Appliances Inc., has over 7 years remaining on their 3rd Extension of 10 yrs. Additionally, Conn’s has Four (5-Yr) Options to extend with rental increases. The Lease is guaranteed by Conn’s Inc. (NASDAQ: CONN) who operate 145+ locations throughout the South, and is NNN with limited landlord responsibilities.
Conn’s HomePlus is located along Airline Hwy (US Hwy 61), which is a major artery averaging over 50,000 vpd. Additionally, the property benefits from a lighted access. The site is North of I-12 (155,000+ vpd) and just South of Florida Blvd (53,000+ vpd) where Amazon is currently building a 2.8M sqft distribution facility at the corner of Airline/Florida. The property is positioned in one of the densest areas of Baton Rouge with numerous retailers including Amazon, Wal-Mart, Home Depot, Lowe’s supported by over 212,000 people living within a 5-mile radius, and over 278,500 daytime employees.
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