The Pulse: Popeyes on Burbank Sold for 5.35% Cap Rate

A weekly update on the commercial real estate landscape of Baton Rouge.

Commercial Sales Recorded Last Week

10613 Burbank Dr
Price: $3,399,551 ($1,555 / SF)
Buyer: Tandem Columbus Equities, LLC
Elifin’s Notes: New Jersey-based investor purchases net-leased Popeyes off Burbank Dr near the Bluebonnet Blvd intersection. This represents a 5.35% cap rate.
8770 Elm Grove Garden Dr
Price: $1,517,773 ($18,069 / Unit)
Buyer: TBF Development, LLC
Elifin’s Notes: Alabama-based company purchases 84-unit Elm Grove Garden Apartments near the I-110 and Scotland Ave intersection.
Tract B-2-C-1-A-1 Airline Hwy
Price: $5,077,000 ($1.31 / Land SF)
Buyer: Priceco West, L.C.
Elifin’s Notes: Price LeBlanc auto dealership purchases acreage off Airline Hwy near Antioch Rd.
7246 Perkins Rd
Price: $425,000 ($15.49 / Land SF)
Buyer: P-4, L.L.C.
Elifin’s Notes: Local real estate broker purchases vacant land behind former Shrimp Basket, adjacent to the Perkins Rd Recreation Center/Velodrome Skate Park.
Lot S-2 Coursey Blvd
Price: $204,671 ($5.75 / Land SF)
Buyer: Kumar LLC
Elifin’s Notes: Hammond-based investor purchases 0.82-acre vacant parcel off Coursey Blvd. This property is connected to the vacant land purchased by Kumar LLC last month.
4320 Jeffrey Dr
Price: $360,000 ($55 / SF)
Buyer: Complete Car Wash Systems, LLC
Elifin’s Notes: Local Geaux Clean Express Car Wash company purchases office/warehouse off Airline Hwy near Coursey Blvd.
8388 S Choctaw Dr
Price: $200,000 ($12 / SF)
Buyer: SBC Investments, LLC
Elifin’s Notes: Local investor purchases warehouse off S Choctaw Dr.

Upcoming Planning Commission Cases

  • Revised Concept Plan for the Greens at Millerville
    • Submitted 9/28/2020 by Chris Ferris of Ferris Engineering & Surveying, LLC. Revise permissible uses in Areas A, B, C, and D to include multi-family residential, and an indoor shooting range with an educational center and club, on property located on the west side of Millerville Road and north of Interstate 12, on Parcels 1-A; 2; 3-A, B, C, and D; 5 and 6 of the Greens at Millerville Subdivision.
    • Application – Staff Report – Plans – View on Map

Commercial Permits Issued Last Week

11/13/2020 // 1255 W MOUNT PLEASANT RD ZACHARY LA 70791
  • Type: Demolition
  • Description: A demolition to the top floor slab of former papermaking additive plant
  • Owner: N/A
11/13/2020 // 7517 VICE-PRESIDENT DR BATON ROUGE LA 70817
  • Type: Electrical
  • Description: Change out panel per inspection report and bring to code
  • Owner: Daniel Midyett
11/13/2020 // 4512 EARL GROS AVE BATON ROUGE LA 70820
  • Type: Occupancy
  • Description: New owner of existing 4-plex with house meter and security lights. electric only.
  • Owner: Henry Beard
11/13/2020 // 3457 NORTH ST BATON ROUGE LA 70802
  • Type: Demolition
  • Description: A demolition to a 2 story building
  • Owner: Lonnie Dixon
11/13/2020 // 7710 FLORIDA BLVD BATON ROUGE LA 70806
  • Type: Electrical
  • Description: 100 AMP SERVICE AND 3 CIRCUITS FOR LIGHTING
  • Owner: AHMAD KAYED
11/13/2020 // 5160 CORPORATE BLVD BATON ROUGE LA 70808
  • Type: Electrical
  • Description: Replace all lighting with Led style lights in retail store
  • Owner: Jason Van Halen
11/13/2020 // 5315 LANIER DR BATON ROUGE LA 70812
  • Type: Electrical
  • Description: Change out receptacles
  • Owner: Micheal Hilton
11/13/2020 // 3457 NORTH ST BATON ROUGE LA 70802
  • Type: Demolition
  • Description: A demolition to a 2 story building
  • Owner: Lonnie Dixon
11/13/2020 // 12204 FAIRCREST AVE BATON ROUGE LA 70816
  • Type: Solar
  • Description: Solar installation 8.16kw on existing roof
  • Owner: Marc Jones
11/13/2020 // 2041 S Brightside View Dr Baton Rouge LA
  • Type: Electrical
  • Description: Change out 6 pack meter center. Entergy will disconnect power 11/17/20. Will need to do work and restore power same day. Thank you! Brian J. Biggers
  • Owner: N/A
11/12/2020 // 5829 McCann dr Baton Rouge LA 70809
  • Type: Electrical
  • Description: Trailer pole to be set in a lay down yard. Equipment has been stolen 2 times from the property. Pole will be set to run camera systems to watch over the property
  • Owner: Kyle Cox
11/12/2020 // 2339 ASPENWOOD DR BATON ROUGE LA 70816
  • Type: Electrical
  • Description: Correct wiring replace undeground riser pipe
  • Owner: Howard Hughes, Jr.
11/12/2020 // 1818 OAK VILLA BLVD BATON ROUGE LA 70815
  • Type: Occupancy: Clean
  • Description: Clean and show for warehouse building.
  • Owner: Brad Gore
11/12/2020 // 804 O’NEAL LN Baton Rouge LA 70816
  • Type: Occupancy
  • Description: Massage therapy/spa.
  • Owner: Ting Song
11/12/2020 // 10557 BLUEBONNET BLVD BATON ROUGE LA 70810
  • Type: Commercial: Addition
  • Description: Adding a 1976 sq ft dome shade over existing HOA playground
  • Owner: Kate Cook
11/12/2020 // 4675 INNISWOLD RD BATON ROUGE LA 70809
  • Type: Plumbing
  • Description: Inspect a water heater.
  • Owner: Mark Hermann
11/12/2020 // 7277 EXCHEQUER DR BATON ROUGE LA 70809
  • Type: Commercial: Addition
  • Description: Expansion/Addition of 23,818 sf warehouse space to existing 81,655 sf warehouse/office space to create new 105,473 s.f. sprinklered S-1 use bldg. (SP-5-20)
  • Owner: Mark Emonet
11/12/2020 // 11959 NICHOLSON DR BATON ROUGE LA 70810
  • Type: Electrical
  • Description: checked out lift station
  • Owner: N/A
11/12/2020 // 7089 SIEGEN LN BATON ROUGE LA 70809
  • Type: Mechanical
  • Description: remove and replace two 5 ton split systems
  • Owner: N/A
11/12/2020 // 9376 GREENWELL SPRINGS RD BATON ROUGE LA 70814
  • Type: Occupancy
  • Description: Existing Popeye’s Restaurant.
  • Owner: Zach Fetcko
11/12/2020 // 11263 FLORIDA BLVD BATON ROUGE LA 70815
  • Type: Occupancy
  • Description: Insurance agency/office use.
  • Owner: James
11/12/2020 // 5275 GOVERNMENT ST BATON ROUGE LA 70806
  • Type: Occupancy
  • Description: Existing Popeye’s Restaurant.
  • Owner: Zach Fetcko
11/12/2020 // 3535 STE 200 PERKINS RD BATON ROUGE LA 70808
  • Type: Occupancy: Clean
  • Description: Clean and show for mercantile space.
  • Owner: Jenny Ledel
11/12/2020 // 2137 STARING LN BATON ROUGE LA 70808
  • Type: Occupancy
  • Description: Existing Popeye’s Restaurant
  • Owner: Zach Fetcko
11/12/2020 // 5946 AIRLINE HWY BATON ROUGE LA 70805
  • Type: Occupancy
  • Description: Existing Popeye’s Restaurant.
  • Owner: Zach Fetcko
11/12/2020 // 5120 JONES CREEK RD BATON ROUGE LA 70817
  • Type: Occupancy
  • Description: Existing Popeye’s Restaurant.
  • Owner: Zach Fetcko
11/12/2020 // 1930 O’NEAL LN BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: Existing Popeye’s Restaurant
  • Owner: Zach Fetcko
11/12/2020 // 3033 STE A PERKINS RD BATON ROUGE LA 70808
  • Type: Occupancy
  • Description: Retail store.
  • Owner: Nathan Lott
11/12/2020 // 3777 CHOCTAW DR BATON ROUGE LA 70805
  • Type: Occupancy
  • Description: Existing Popeye’s Restaurant.
  • Owner: Zach Fetcko
11/10/2020 // 9135 Florida Blvd Baton Rouge LA 70815
  • Type: Demolition
  • Description: A demolition to an existing cellular tower
  • Owner: N/A
11/10/2020 // 4320 JEFFREY DR BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: Car wash equipment supplier.
  • Owner: Stuart Carter
11/10/2020 // 4105 PERKINS RD BATON ROUGE LA 70808
  • Type: Commercial: Remodel
  • Description: Interior renovation of existing 180 s.f. area for food service preparation within existing convenience store, continued Mercantile use.
  • Owner: DAVID SCHUMAKER
11/10/2020 // 11959 NICHOLSON DR BATON ROUGE LA 70810
  • Type: Occupancy
  • Description: New owner of existing apartment building.
  • Owner: N/A
11/10/2020 // 2688 N ARDENWOOD DR BATON ROUGE LA 70805
  • Type: Occupancy
  • Description: Existing business (new name) in warehouse – gas and electric.
  • Owner: Rene Weaver
11/10/2020 // 18281 HIGHLAND RD BATON ROUGE LA 70810
  • Type: Occupancy
  • Description: Existing Popeyes Restaurant.
  • Owner: Zach Fetcko
11/10/2020 // 2245 GLENDALE AVE BATON ROUGE LA 70808
  • Type: Electrical
  • Description: Changing service to 200amps to accommodate new electric heat
  • Owner: Amanda Talbot
11/10/2020 // 11552 CEDAR PARK AVE BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: One stylist hair salon/storage warehouse.
  • Owner: Cheryl Fondino
11/10/2020 // 10652 ALCO AVE BATON ROUGE LA 70816
  • Type: Occupancy
  • Description: Office / Warehouse for household moving company.
  • Owner: Mark Breaux
11/10/2020 // 16216 MAGNOLIA TRACE PKWY BATON ROUGE LA 70817
  • Type: Fence
  • Description: Wooden Fence
  • Owner: Mark Johnson
11/10/2020 // 3579 VICTORIA DR BATON ROUGE LA 70805
  • Type: Occupancy
  • Description: existing trailer
  • Owner: Lorenzo Herrera
11/10/2020 // 10613 BURBANK DR BATON ROUGE LA 70810
  • Type: Occupancy
  • Description: Existing Popeye’s Restaurant.
  • Owner: Zach Fetcko
11/10/2020 // 4021 W E. HECK CT BATON ROUGE LA 70816
  • Type: Commercial: New
  • Description: New construction of Bldg. D of 3,684 s.f. for Business office use, to have 4 suites: D-1 (893 s.f.), D-2 (917 s.f.), D-3 (917 s.f.) and D-4 (893 s.f.).
  • Owner: N/A
11/10/2020 // 4750 EARL GROS AVE BATON ROUGE LA 70820
  • Type: Occupancy
  • Description: House meter/electrical only.
  • Owner: Ezetta Saulny
11/09/2020 // 965 N 18TH ST Baton Rouge LA 70802
  • Type: Occupancy
  • Description: Job trailer, Drop-tank.
  • Owner: N/A
11/09/2020 // 938 W GARFIELD ST BATON ROUGE LA 70802
  • Type: Demolition
  • Description: Demolition of a metal storage shed approximate 12 x 12
  • Owner: Robert & Shirley Jones
11/09/2020 // 12524 STE G JEFFERSON HWY BATON ROUGE LA 70816
  • Type: Commercial: Remodel
  • Description: Remodel to build out 1200s.f. tenant space, Suite G for tea nutrition shop.
  • Owner: Dawn Colon
11/09/2020 // 411 BEN HUR RD BATON ROUGE LA 70820
  • Type: Commercial: Remodel
  • Description: (Expedited) Interior Tenant Buildout for Cheba Hut restaurant in an existing 2,300 SF tenant space. The new occupant is a toasted/warming sandwhich restaurant with no greasy waste. The project consists of a new bar, new outdoor seating, renovated dining area, renovated cook line/kitchen, renovated dishwashing and storage area, and renovated restrooms.
  • Owner: Tommy Wiggins
11/09/2020 // 2211 Beaumont Dr Baton Rouge LA
  • Type: Occupancy: Clean
  • Description: Clean and show.
  • Owner: Andy McCall
11/09/2020 // 16169 PERKINS RD BATON ROUGE LA 70810
  • Type: Commercial: New
  • Description: New construction of a 2992 SQFT, V-B Business Occupancy building to house BREW Agency, located in the Perkins Road Business Park. Parking Lot Permit 85178.
  • Owner: Marie Powell
11/09/2020 // 7141 CALUMET ST BATON ROUGE LA 70805
  • Type: Electrical
  • Description: meter box change out (4-pack) units A,B,C,D
  • Owner: Theodore & Shirley Johnson
11/09/2020 // 23360 LIBERTY RD ZACHARY LA 70791
  • Type: Occupancy
  • Description: Existing Dollar General store.
  • Owner: Sarah Spicer
11/09/2020 // 12547 SHERBROOK AVE BATON ROUGE LA 70815
  • Type: Solar
  • Description: Install 8.14 kW solar panel system on existing home – no structural changes.
  • Owner: Jasma Williams
11/09/2020 // 23030 SUNNYSIDE LN ZACHARY LA 70791
  • Type: Electrical
  • Description: Emergency disconnect/ reconnect. Tree fell on power line and pulled riser off wall
  • Owner: Edith Roberie
11/09/2020 // 5131 GREENWELL SPRINGS RD BATON ROUGE LA 70806
  • Type: Mechanical
  • Description: 80 ton Air Cooled Chiller Replacement.
  • Owner: N/A
11/09/2020 // 9433 N PARKVIEW DR BATON ROUGE LA 70815
  • Type: Electrical
  • Description: storm damage to home. need to rebuild the service.
  • Owner: patrick kahn
11/09/2020 // 411 N 48TH ST BATON ROUGE LA 70806
  • Type: Occupancy: Clean
  • Description: Clean and show.
  • Owner: Andy McCall
11/09/2020 // 5555 STE A ESSEN LN BATON ROUGE LA 70809
  • Type: Occupancy
  • Description: New owner of existing insurance agency – Allstate.
  • Owner: Mike Stone
Elifin Realty
marketing@elifinrealty.com
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