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Papa John’s in Baton Rouge, LA | Absolute-Net Lease

7569 Jefferson Hwy, Baton Rouge, LA 70806, USA
$1,025,538

Description

Marcus & Millichap is pleased to offer this Papa John’s property with an absolute-net lease with zero landlord responsibilities.
Papa John’s Pizza is an American restaurant company. It runs the third largest take-out and pizza delivery restaurant chain in the world, with headquarters in Jeffersontown, Kentucky, a suburb of Louisville.
Its slogan is “Better Ingredients. Better Pizza. Papa John’s.” Internationally, there are over 4,600 Papa John’s establishments, including over 3,200 in the U.S. and the remainder spread among 34 other countries. In September 2012, Papa John’s Pizza opened its 4,000th restaurant, in New Hyde Park, New York.

  • Absolute Triple-Net
  • Zero Landlord Responsibilities
  • Experienced Franchisee
  • 15% Bumps Every Five Years Starting 2017
  • 10% Bumps in Option Period
  • Located directly across from Whole Foods
  • Directly Across Master Retail Development
  • Over $105,000 in HH Income within 1 Mile
  • Over 30,000 Vehicles Per Day
  • Over 220,000 Residents within 5 Miles
  • Ample Parking
  • Net Leased Asset

Property Documents

  • City: Baton Rouge
  • State/county: Louisiana
  • Zip/Postal Code: 70806
  • Country: United States

Detail

  • Price: $1,025,538

Additional details

  • CAP Rate: 6.50%
  • NOI: $66,660

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