Baker RegionalSHOPPING CENTER
The Opportunity
Shopping Center
Matthews™, as exclusive broker, is pleased to present the opportunity to acquire Baker Regional Shopping Center — a 134,945± SF community center grocery-anchored by Shoppers Value, located just north of downtown Baton Rouge in Baker, LA.
Grocery-anchored by the #3 Shoppers Value nationally
Boasting a long-term lease through 2034 and almost 20 years of tenure at the Property.
Just north of downtown Baton Rouge — Louisiana's capital and a top SEC college town
Home to Louisiana State University and its 34,000+ students, plus a major industrial, petrochemical, medical and technology center.
A synergistic mix of low-cost providers under one roof
Shoppers Value, Dollar General, Roses Express, It's Fashion Metro and Affordable Home Furnishings bolster an almost 79% national & strong regional roster.
Signalized intersection of Lavey Ln & State Route 19 (30,800 VPD)
Connecting Downtown Baton Rouge and Baton Rouge Metro Airport with communities to the north, all the way into southern Mississippi.
Dollar General just renewed (early) through 2032, reaffirming its commitment after 29 years of tenure at the Property
Bolstering an average remaining anchor lease term which exceeds 5 years.
Low, replaceable rents with notable mark-to-market upside
Insulating the next iteration of ownership from any potential future volatility.
National outparcel draws — though not included in the offering
Popeyes, McDonald's, Shell, AutoZone, Chevron and Enterprise drive consumer foot traffic throughout the day.
Market Overview
Shopping Center
Conveniently positioned just north of the downtown area, Baker Regional is just minutes from Baton Rouge Metropolitan Airport and the Baton Rouge Zoo, fronting major traffic corridor — LA-19.
Baton Rouge, Louisiana
The capital city of Louisiana, situated on the eastern bank of the Mississippi River within East Baton Rouge parish — the most populous parish in the state.
The second-largest city in Louisiana, Baton Rouge is home to roughly 870,000 people. A major industrial, petrochemical, medical and technology center, the city anchors Louisiana State University — the largest university in the state with 34,000+ undergraduate students. The Port of Baton Rouge serves as the 10th largest port in the U.S. and is the farthest upstream port along the Mississippi capable of accommodating Panamax ships.
Property Attributes
Shopping Center
Strategic Positioning
Conveniently positioned just north of downtown Baton Rouge, Baker Regional is minutes from the Baton Rouge Metropolitan Airport and the Baton Rouge Zoo, anchoring a high-visibility retail corridor.
Regional Traffic Corridor
Situated at a signalized intersection fronting LA State Route 19, the Center accesses an advantageous combined traffic count of 30,800 VPD. LA-19 connects LSU and downtown Baton Rouge to the south with suburban communities like Zachary, Slaughter and Centreville to the north into Mississippi.
National Outparcel Draws
Though not included in the offering, Baker Regional benefits from national outparcels in front of the Property — McDonald's, Popeyes, Chevron, Shell Fuel Center, Pizza Hut and Enterprise — enhancing consumer draw throughout the day.
Tenant Highlights
Shopping Center
Shopper's Value Foods
Dollar General
It's Fashion Metro
Roses Express
Proven Anchor Line-Up
The national anchor line-up at Baker Regional boasts a strong history of success at the property underscored by an average operating history of over 19 years – a testament to the Center's ongoing viability within the Baton Rouge community.
Tenured Grocer
With tenure at the Property dating back to 2006, Shoppers Value Foods boasts a long-established base of loyal consumers along the north side of the Baton Rouge MSA, fortified over the last 20 years at the Property. Ranked the #3 of 13 Shoppers Value locations, the Baker Regional store is bolstered by a healthy occupancy cost and lease term through 2034.
Predominantly National Tenant Roster with E-Commerce Resistant Shops
Comprised of over 79% national and strong regional retail tenants, the tenant roster at Baker Regional boasts a proven tenant mix further strengthened by the fact that nearly half of the tenants have over 15 years of operating history at the Center. Occupied by a blend of e-commerce resistant retail uses, the shops at the Property include tax services, healthcare, restaurants, beauty, financial services, photography, and mobile carriers.
