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Investment NNN

Texaco Fuel/C-Store Restaurant Space w/Drive Thru
Baton Rouge, LA

SIZE: +/- 5,500 SF

CFI is pleased to exclusively market for sale a corporate guaranteed, triple net leased investment located in Baton Rouge, LA with a significant value add opportunity. The property is master leased by Jack in the Box Inc. and the convenience store and fuel pumps are subleased by Susser Petroleum, Inc. Jack in the Box recently ceased operations of the restaurant but they have an obligation to fulfill the terms of the lease for the remaining seven years of the primary term. This location was part of a broader closing of Jack in the Box restaurants where over 40 locations closed predominantly in the Southeast, Louisiana and Texas over the past 5+/- years. Susser (who recently merged with Sunoco) remains actively operating the C-Store and fuel at the site which should assist greatly in securing a co-tenant for the restaurant and drive-thru space. The building is located along the well-traveled highway, LA 37 (Greenwell Springs Road) that takes commuters straight into the City of Baton Rouge. There are over seven years remaining on the master lease that expires February 3, 2022 allowing the incoming investor to receive significant cash flow from the property (including a rent increase in 2019) for 7 years prior to finding a new tenant.

Property Details

  • Price/Rental Rate: $2,309,655
  • Lot Size: +/- 1.299 Acres
  • Year Built: 2003
  • Tenant Name: Former Jack in the Box Inc./ Susser Fuel
  • Type of Lease: NNN
  • Length of Term: 7 years remaining
  • Tenancy: Multiple

Contact:

Bette Lackovic

  • T: (858) 200-4275
  • blackovic@cfisandiego.com
  • Lic. #00909385

Paula Danker

  • T: (858) 200-4269
  • pdanker@cfisandiego.com
  • Lic. #01009448