Long Term NNN Leased Investment with Private Equity Backed Tenant

For Sale

2027 N Harco Dr, Baton Rouge, LA 70815

This Baton Rouge property for sale is located at 2027 N Harco Dr. The current listed sale price for Long Term NNN Leased Investment with Private Equity Backed Tenant is $4,950,000. Long Term NNN Leased Investment with Private Equity Backed Tenant is situated on a lot that is 5.01 acre in size.

Contacts

broker

Alex Ruch

ELIFIN®

(225) 485-0238

Property Details

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 43,500 SF
  • Lot Size 5.01 Acre
  • Property Tenancy Single Tenant
  • Year Built 2005
  • Year Renovated 2023
  • Date Updated Dec 1, 2023
  • HVAC None
Lot 183-A2027 N Harco is a 100% leased investment opportunity. There are 7+ years remaining on the initial term – current lease includes 3% increases each year and NNN fees. There is one 5-year renewal option. The tenant, Accutemp, is owned by private equity firm, Turnpoint Services, based out of Louisville, Kentucky. There is a $2.75 million capital investment, funded by the tenant, currently underway and set to be completed in October 2023. Blended 6.7% CAP Rate. The property is comprised of a ±43,500 SF office warehouse on ±5.01 acres. There are ±4 acres of laydown yard. Listed below appraised value.

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Highlights

  • NNN Leased with 7+ years remaining and renewal options
  • Tenant owned by private equity firm, Turnpoint Services
  • Tenant-funded $2.75 million capital investment to be completed in October 2023
  • Blended 6.7% CAP Rate

Attachments

Getting around

  • 51/100

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  • 41/100

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Location

  • City Baton Rouge, LA
  • Neighborhood Forest Oaks - La Belle Aire
  • Zip Code 70815
  • Market Baton Rouge

Points of Interest

  • RaceTrac

    2.94 miles

  • Murphy USA

    3.20 miles

  • Murphy USA

    3.84 miles

  • Costco Gasoline

    4.06 miles

  • Circle K

    4.10 miles

  • Shell

    4.67 miles

  • Sam's Club

    4.83 miles

  • Shell

    4.86 miles

  • ChargePoint

    4.87 miles

  • Murphy USA

    4.97 miles

  • Geaux Clean

    3.30 miles

  • Airline Car Wash

    4.41 miles

  • Enterprise

    5.23 miles

  • Circle K

    6.53 miles

  • Benny's Car Wash

    6.66 miles

  • Bubbles and Suds Car Wash

    6.95 miles

  • Circle K

    7.02 miles

  • Benny's Car Wash

    7.09 miles

  • Benny's Carwash

    7.22 miles

  • Circle K

    7.45 miles

  • Po-Boy Express

    2.00 miles

  • Chili's

    2.12 miles

  • McDonald's

    2.32 miles

  • Chick-fil-A

    2.33 miles

  • Zaxby's

    2.40 miles

  • Freddy's

    2.44 miles

  • Golden Corral

    2.48 miles

  • Wingstop

    2.54 miles

  • Sonic

    2.55 miles

  • Jack in the Box

    2.77 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Alex Ruch

ELIFIN®

(225) 485-0238