Baton Rouge Vet Center

Tenant

U.S. Department of Veterans Affairs

Location

Baton Rouge, Louisiana

Price

Unstated

CAP Rate

Unstated

NOI

Unstated

Lease Term

20 Years

Occupancy

100%

Building Size

7,738 SQ FT

Property Type

Office

Year Built

2023 Redevelopment

Lot Size

0.98 Acres

Status

Avaliable

Property Contacts:

Travis Trautvetter

Managing Partner | Capital Markets

858 367 5105 | Email

Jake Trautvetter

Managing Partner | Capital Markets

858 367 5102 | Email

Kari Fiske

Director | Operations

858 367 5450 | Email

Isabel Musgrove

Director | Marketing

858 367 0929 | Email

U.S. FEDERAL GOVERNMENT CREDIT
Lease guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security

NEW 20-YEAR LEASE TERM
First-generation lease with U.S. Department of Veterans Affairs for new 20-year term commencing in November 2023, featuring a rare government lease structure with no termination rights through Lease Year 15

2023 CONSTRUCTION – FINISH-TO-SUIT / RELOCATION
Finish-to-suit for VA, completed in November 2023 and relocating existing Vet Center services in Baton Rouge to a new single-tenant, high-quality facility; project was a redevelopment of a former credit union building to meet the specific requirements of tenant

SIGNIFICANT TENANT INVESTMENT
VA funded $1.99 million in new tenant improvement costs ($257 per foot) paid in lump sum at project completion, demonstrating significant tenant investment in the facility

OUTSTANDING LOCATION IN RETAIL CORRIDOR
The new Vet Center in Baton Rouge features an outstanding location in direct proximity to a primary retail corridor with surrounding tenants that include Super Target, Walmart Supercenter, Costco, Top Golf, Albertsons, Home Depot, Kohl’s, Sam’s Club, Lowe’s Home Improvement, Sonic, Starbucks, Shell, Jack in the Box, Mall of Louisiana, and auto dealerships for Mercedes, GMC, BMW, Dodge-Jeep-RAM, Lexus, Toyota, and more

BATON ROUGE –  STATE CAPITAL OF LOUISIANA
Baton Rouge, the State Capital of Louisiana, ranks as the 99th largest city within the United States, with a population exceeding 227,000