HAMMOND AIRE PLAZA Baton Rouge, East Baton Rouge Parish, Louisiana Offering Summary The Baton Rouge Advantage - State Capital and Home to LSU, Louisiana’s Flagship University National Tenants Account for 89% of the GLA Well Established, Thriving Tenant Base Strong History of Impressive Tenant Renewal and Releasing Velocity Proven Tenant Sales Powerhouse Prime Location at High Traffic-Count Intersection Expanded Trade Area Draw from Regional Location and Unique to Market Anchor Line-Up Upside Potential from Future Expansion / Pad Site Development Along Old Hammond Hwy
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HAMMOND AIRE PLAZABaton Rouge, East Baton Rouge Parish, Louisiana
Offering Summary
� The Baton Rouge Advantage - State Capital and Home to LSU, Louisiana’s Flagship University
�National Tenants Account for 89% of the GLA
�Well Established, Thriving Tenant Base
� Strong History of Impressive Tenant Renewal and Releasing Velocity
� Proven Tenant Sales Powerhouse
� Prime Location at High Traffic-Count Intersection
� Expanded Trade Area Draw from Regional Location and Unique to Market Anchor Line-Up
�Upside Potential from Future Expansion / Pad Site Development Along Old Hammond Hwy
BATON ROUGE, LAHAMMOND AIRE PLAZAOffering Summary
(Shadow)
349,660 +25.41 1985/2009 97%TOTAL ACREAGE YEAR BUILT/REN.TOTAL GLA (SF) OCCUPANCY
81,500+VPD +1,246 $3,664,752 4.7%
MAJOR TENANTS
Cushman & Wakefield’s Retail Investment Advisors is pleased to present Hammond Aire Plaza, a dominant, 349,660 sf multi-anchored shopping center in Baton Rouge, LA, the state capital and home to Louisiana State University. Hammond Aire Plaza was completed in 1985 and renovated in 2009 and features a seasoned, unique-to-market tenant lineup including Burlington, Marshalls, Michaels, Stein Mart and K&G Fashion Superstore. 89% of the GLA is occupied by national tenants and the thriving tenant base generates an annual gross sales volume exceeding $60 Million. The weighted average tenure for current tenants is over 21 years, and anchor tenants boast an average of over 28 years. Shadow anchored by an Albertsons grocery store, Hammond Aire Plaza is positioned at the intersection of 2 highly trafficked thoroughfares with direct proximity to Interstate-12 and Interstate-10, creating ideal access for residents around the city.
Hammond Aire Plaza offers the rare opportunity to acquire a strong-performing, established community shopping center in a state capital and flagship university city with upside potential through rent growth, future expansion and pad site development.
4.7%PRICE TRAFFIC COUNTYEAR 1 NOI AVERAGE ANCHOR
HEALTH RATIOCAGR
$3,664,752 $45,810,0008% CAP RATE
2.9% 81,500+VPD
CUSHMAN & WAKEFIELD | 2
BATON ROUGE, LAHAMMOND AIRE PLAZA
Offering HighlightsOFFERING SUMMARY
CUSHMAN & WAKEFIELD | 3
PRIME LOCATION AT MASSIVE TRAFFIC-COUNT INTERSECTION-
81,500+ VPD
REMARKABLE RENEWAL AND RELEASING VELOCITY- SINCE 2016,
68% OF THE GLA HAS RENEWED AND 7 SUITES TOTALING 40,570 SF
HAVE BEEN LEASED
CASHFLOW STABILITY- NATIONAL TENANTS OCCUPY 89% OF THE GLA
AND ACCOUNT FOR 87% OF THE GROSS REVENUE
PROVEN TENANT SALES POWERHOUSE GENERATING
ANNUAL GROSS SALES VOLUME OF OVER $60 MILLION
THRIVING, SEASONED TENANT BASE WITH WEIGHTED AVERAGE
TENANT TENURE OF 21 YEARS AND AVERAGE OCCUPANCY OVER 95%
OVER THE LAST DECADE
THE BATON ROUGE ADVANTAGE- STATE CAPITAL AND HOME TO LSU, LOUISIANA’S FLAGSHIP UNIVERSITY
EXPANDED TRADE AREA DRAW FROM REGIONAL LOCATION,
SHADOW-GROCERY ANCHOR AND UNIQUE-TO-MARKET ANCHOR LINE-UP / ONLY 1 DUPLICATE ANCHOR LOCATION WITHIN A
60-MILE RADIUS
POSITIONED ADJACENT TO DENSELY POPULATED NEIGHBORHOODS AND
ADDITIONAL 5-MILE DAYTIME POPULATION OF 282,725
BATON ROUGE, LAHAMMOND AIRE PLAZA
Offering HighlightsOFFERING SUMMARY
CUSHMAN & WAKEFIELD | 4
PRIME POSITIONING: CENTRALLY LOCATED ACTIVITY HUB / MASSIVE TRAFFIC COUNT
� Combined traffic count at the property of 81,500+ VPD
� Unique-to-market anchors and Albertsons Grocery shadow-anchor generates massive consumer traffic serving the broadest range of necessity, daily and weekly needs
� Expanded trade area draw from desirable central location at high-traffic intersection with direct proximity to I-12
� 5-Mile population of over 202,000 people with daytime population of over 282,000 people
BATON ROUGE ADVANTAGE:
ENVIRONMENT WHERE RETAILERS THRIVE � State Capital and Parish Seat of the East Baton Parish, the most populous Parish in Louisiana
� Home to Louisiana’s state flagship university: LSU > Annual Economic Impact of over $5.1B > Student Enrollment of over 30,000
> Directly responsible for 41,000+ jobs
� Surrounded by major economic drivers including Exxon Mobil, Blue Cross Blue Shield and The Mississippi River, among others
> ExxonMobil is the 4th largest refinery in the US and recently announced a $500 Million+ expansion
