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Flagship Rouses Grocery Location
- The shopping center is anchored by Rouses Market, a dominant regional grocery store with locations in Louisiana, Alabama, and Mississippi
- Rouses Market has over 60+ locations and is one of the leading grocers in the Louisiana Market
- Rouses Market has seen 40% growth over the last 4 years and continues to invest in new markets along the Gulf Coast
- This Rouses is one of their flagship locations, due to the location in one of the premier shopping areas of Baton Rouge and proximity to surrounding major catalysts
- With $12,521,050 in sales for 2023, the Rouses boasts a healthy rent to sales ratio of under 2%
Strong Tenancy
- Tenant mix is a diversified mix of grocery, service, restaurant, and soft good tenants
- Average tenant tenure: 10+ years
- Leasing Momentum: Seller recently executed 10-year my salon suite in 6,000 square feet
- In 2022, seller executed an outparcel ground lease with Smalls Sliders, a growing restaurant brand in Louisiana
- Many of the restaurants and shopping options in Bluebonnet Village have been staples to the community for many years
Dominant Shopping Center
- With 1.6m annual visits, Bluebonnet Village is the #2 most visited Neighborhood Center in a 15-mile radius
- Ranks in the top 16% of all shopping centers in Baton Rouge
- The property is located on the intersection of Bluebonnet Blvd (44,527 VPD) and Perkins Rd. (29,638 VPD), combining for an astounding 74,165 vehicles per day passing by Bluebonnet Village
- Due to the high traffic volume, tenants have remained in the center and turnover time for vacancies are minimal
Strong Fundamentals
- Property sits at a high traffic signalized intersection
- 5 points of Ingress/Egress
- Visibility front facing the road for all tenant signage
