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250 Main St, Baker, LA, 70714

Baker Regional Shopping Center
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Key Information

Tot. SF
134,945
Lot Size
12.1 Acres
Units
22
Year Built
1982 / 2007 (R)
Type
Shopping Centers
Occupancy
94.66%
NOI
$696,275

Highlights

  • Grocery-Anchored Center: Anchored by the #3 Shoppers Value nationally with a long-term lease through 2034 and nearly 20 years of tenure.
  • Prime Signalized Intersection: Well-positioned at the intersection of Lavey Ln and State Route 19 with 30,800 VPD, connecting downtown Baton Rouge and the Metro Airport.
  • Strong Regional Location: Situated just north of downtown Baton Rouge, home to Louisiana State University and major industrial, medical, and technology centers.
  • Low Replaceable Rents: Rents are low and provide insulation from future volatility, offering a mark-to-market opportunity for new ownership.
  • Synergistic Tenant Mix: Home to a mix of low-cost providers including Shoppers Value, Dollar General, Roses Express, Its Fashion Metro, and Affordable Home Furnishings.
  • National Outparcel Draws: Beneficial mix of national outparcels such as Popeye’s, McDonald’s, Shell, AutoZone, Chevron, and Enterprise drive consistent consumer traffic.
  • High Occupancy: The property is currently 94.66% occupied with a strong roster of national and regional tenants.
  • E-Commerce Resistant Shops: Tenant roster includes a blend of e-commerce resistant uses such as tax services, healthcare, restaurants, beauty, and financial services.
  • Proven Anchor Tenure: Nearly half the tenants have over 15 years of operating history at the center, with anchors averaging over 19 years.
  • Below Replacement Cost: Anticipated pricing is significantly below replacement cost, providing attractive value for investors.

Photos

Location

Agents

Broker of Record

Donnie Jarreau

License # BROK.995704351-CORP, BROK.32688-ACT (LA)
Jarreau Real Estate
16161 Perkins Road, Baton Rouge, LA 70810