1504 Ruth St - Fast Food FOR SALE


Sulphur, LA 70663
$995,000 USD
800-895-9329
1504 Ruth St, Sulphur, LA for Sale
$995,000 USD
Fast Food - FOR SALE
1/16
null | 8% Cap Rate

1504 Ruth St
Sulphur, LA 70663


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$526 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

-

APN/PARCEL ID

00667153,00671185

ASK ABOUT THIS PROPERTY

Mark JohnsElifin RealtyMore Info
800-895-9329

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Mark JohnsElifin RealtyMore Info
800-895-9329

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.