Property Listing No Longer Available for Sale

out of town, Baton Rouge, LA

Multi-Use for Sale


Property Info

CIMLS#753976
Location
  out of town
  Baton Rouge LA 70801
UpdatedJanuary 23rd, 2015
TypeMulti-Use
PriceUpon Request

Property Description

10 Properties for Sale

prefer to sell as a package deal (with discount given), or you can also buy separately.

All of properties have been well maintained and the buildings are in good condition.

The following is the summary.

National chain stores giving the first ten years lease and then follow with option to renew for 5 years per term.

1)NATIONAL NAME BRAND , Baton Rouge, Louisiana. $990,000 / 6.8%cap rate

Lease Structure: Brand new, 15-year, absolute NNN lease with 1.5% annual rent increases during primary term and 20 years option periods with 4, 5-Year Options to Renew

NET OPERATING INCOME: $66,960

2) MEDICAL CENTER. Pauls Valley, OK $1,500,000. Reduced to $1,300,000 for quick sale / $9754.85 x 12=$1170582 9% cap

Lease term of 15 years plus two 5 year renewals starting on Nov 1, 2006 - to 2021 Nov+10 years for renew ), a NYSE company; with 3% increases per year with 3% increases per year, which is very rare in National Chain store lease..

Tenant pays rent, tax, insurance, and part of maintenance fee of HVAC.

3) RESTAURANT: Herkimer, NY

Sale price: $850,000; Reduced to $750,000. (selling at a Capital Loss)

This NNN property is located in a busy, thriving commercial area of Herkimer, NY. Many nationally recognized companies are located nearby: McDonald's, Rite Aide, Dollar General, etc. By Dec 2014, The ideal buyer is a current or aspiring restaurateur owner, or a buyer who wants to buy for investment in a location surrendered by all well-known national chain store shopping center with low price.

4) NATIONAL BRAND NAME. Franklinville, NY

PRICE REDUCED to $550,000. 6% cap Plus 5% additional rent (selling at a Capital loss)

A big piece of land with just renewed lease rent and Plus with 5% sales as additional rent.

SALE price REDUCED from cost of $800,000 to $550,000.

5)NATIONAL BRAND NAME .Liberty, NY

Sale price: $720,000 8.84% cap

This property has two pieces of land with a two story building, in a very well-trafficked street mall) & a big piece of land as a driveway and parking lot. Rent $5,271.75 monthly; Yearly rent $63,261. Tenant also pays Percentage Rent. Tenant just renewed with 10 years, plus two of 5 years term for renew. With recent renovation of new roof, two new HVAC, Parking lot, etc.

This property almost a NNN, owner has easy maintenance.


Financials

6-10) 5 NATIONAL BRAND NAME All 5 Properties can be purchased together at a discounted package price. All of these properties have long lease, many of them have just renewed the lease after the 10 years term . when renew it will be the first extension term for 5 years and continue for 4 of 5 years renew term, that is means a total of 20 years.

Store 1 .Livonia, LA $550,000.00 7% cap with % rent

● Extend the Term 5/31/2014 -- 5/30/2019

● Increase Base Rent to $2,950 per month Total monthly check: $3,150

● Continue with $200 per month for CAM

● Continue with Tax reimbursement

● Continue with Insurance reimbursement

● 2_5 year Options

Store 2. Livonia, NY $767142.00 7% cap

● Extend the Term 2/1/2015 -- 1/31/2020

● Increase Base Rent to $4,475 per month Total monthly check: $4,475

● Continue CAM reimbursement with $.35 per sq. ft. CAP

● Continue with Tax reimbursement

● Continue with Insurance reimbursement

● 2_5 year Options

Store 3. Port Barre,LA $655714 7% cap

● Extend the Term 2/1/2015 -- 1/31/2020

● Increase Base Rent to $3,600 per month Total monthly check: $3,825

● Continue with $225 per month for CAM

● Continue with Tax reimbursement

● Continue with Insurance reimbursement

● 4_5 year Options

Store 4. Hineston, LA $638,571.00 7% cap

● Extend the Term 10/1/2014 -- 9/30/2019

● Increase Base Rent to $3,500 per month Total monthly check: $3,725

● Continue with $225 per month for CAM

● Continue with Tax reimbursement

● Continue with the National Insurance Program

● 2_5 year Options.

Store 5.Zwolle, LA $550,285 7%cap

● Extend the Term 2/1/2014 -- 1/31/2019

● Increase Base Rent to $2,990 per month Total monthly check: $3,210

● Continue with $220 per month for CAM

● Continue with Tax reimbursement

● Continue with the National Insurance Program

● 3_5 year Options.

● TOTAL 5 NATIONAL BRAND NAME at total of $3161712

● 10 property at total of $6, 580,712

PRINCIPALS ONLY. PROOF OD FUNDS, LETTER OF INTEND, CONFIDENTIALITY AGREEMENT & BROKER COMPENSATION ARE REQUIRED..

ABSOLUTELY NO BROKER PARTICIPATION