7305 LA-182, Morgan City, LA 70380 For Sale

Northmarq, as exclusive agent, is proud to offer for sale to qualified investors the opportunity to acquire 7305 Highway 182 East, a 3,073 SF single tenant fee simple interest located in Morgan City, LA. The property is occupied by a Wendy's Franchisee with over 29 years of experience who has successfully operated at this location since 2010 and renovated the restaurant in 2023 to the new Wendy’s prototype.

Located in a major retail corridor off of Highway 182 East, the property benefits from consistent traffic and visibility to over 10K vehicles per day. The Absolute NNN lease creates an ideal passive investment opportunity, requiring minimal involvement from the landlord. Wendy's has an annual rent of $105,000, which is under a personal guarentee by the franchisee through the remaining 13+ years of firm lease term.

Morgan City’s economy is driven by the energy, marine, and industrial sectors, which provide a strong foundation for employment and business activity. Major employers include large oil and gas companies like Chevron, Shell, and McDermott. This concentration of energy and marine industries creates a stable economic base and consistent demand for retail and service businesses in the region.