Bluebonnet Village Shopping Center

Investment Highlights

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%

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
• Due to the high traffic volume, tenants have remained in the center and turnover time for vacancies are minimal

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

STRONG FUNDAMENTALS
• Property sits at a high traffic signalized intersection
• 5 points of Ingress/Egress
• Visibility front facing the road for all tenant signage

BATON ROUGE, LA
• Bluebonnet Village is located in Baton Rouge, the vibrant capital city of Louisiana, the vibrant capital of the state, is a city steeped in culture, history, and economic vitality
• Baton Rouge is the second largest city in the state of Louisiana
• The city serves as a significant economic hub to the state. Its economy is diverse, with key sectors including petrochemical production, manufacturing, education, healthcare, and technology
• Baton Rouge is home to the famous Louisiana State University, which is home 39,000 students and boasts a 6.1 Billion economic impact
• Baton Rouge economy is heavily influenced by the petrochemical sector as it hosts ExxonMobil’s Baton Rouge Refinery complex, the fifth largest oil refinery in the United States and tenth-largest globally. Additionally, Dow Chemical company operates a substantial plant across the river in the nearby Iberville Parish
• Technology and Manufacturing: Baton Rouge has been attracting global players with major operations in the area. The city is recognized as the most cost-friendly mid-sized city for business in the country, which has led to the establishment of offices and distribution centers by companies like Amazon and Microsoft
• Baton Rouge’s strategic location along the Mississippi River, combined with its diversified economy and business-friendly environment, continues to drive its economic growth and development

EXTREMELY HIGH TRAFFIC COUNTS IN DENSE & AFFLUENT NEIGHBORHOOD
• 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
• Less than a mile from the I-10 interchange (122,000 VPD)
• Bluebonnet Village is positioned in one of the nicest and most affluent areas of Baton Rouge, surrounded by the Wimbledon Estates, Oak Hills Place, Wild Wood, and Morning Glen Burroughs