Listed by Elifin Realty Lafayette
$995,000
NNN Leased Restaurant Investment with Excess Land
Details
APN 00669962; 00671185
Property Type Retail
Sub Type Freestanding
Square Footage 2,105
Cap Rate 8.00%
Brand/Tenant Tate Cove Seafood II
Lease Type NNN
Buildings 1
Stories 1
Acreage 1.740
Zoning B - Business
Retail | 8.00% CAP | 2,105 SqFt
Marketing description
Now for sale, 1504 Ruth St in Sulphur, LA offers a leased restaurant investment and excess land positioned advantageously located in between by I-10 and US Hwy-90 (both ±.07 miles away).
The offering includes a ±2,105 SF freestanding retail building currently used as a restaurant with a built in drive-thru (Tate Cove Seafood II), while situated on a ±1.74-acre lot and zoned B (Business).
The tenant benefits from a traffic count of ±20,706 vehicles per day, and is close to high foot-traffic areas such as Sulphur High School and its neighboring residential zones.
Based on current income, the asset yields an 8% cap rate with remaining lease term in place.
Parcels cannot be purchased separately.
Investment highlights
- 8% Cap Rate
- Leased restaurant investment with remaining lease term in place
- Bordered by I-10 and US Hwy-90 w/ ±20,706 vehicles daily
- Proximity to residential areas with high foot-traffic
Listing Contacts
Listed by Elifin Realty Lafayette
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
