218 South Dr - Fast Food FOR SALE


Natchitoches, LA 71457
$1,829,333 USD
516-477-7026
218 South Dr, Natchitoches, LA for Sale
$1,829,333 USD
Fast Food - FOR SALE
1/3
null | 6.75% Cap Rate

218 South Dr
Natchitoches, LA 71457


HIGHLIGHTS

  • Strong EBITDAR Coverage
  • Nearby Schools And Education-Based Demand Drivers
  • High Traffic Counts And Primary Corridor Frontage
  • Surrounded By National And Regional Retail Anchors

OVERVIEW

Surmount is pleased to present the exclusive listing for a Popeyes located at 218 South Drive, Natchitoches, LA 71457. The site consists of roughly 2,413 rentable square feet of building space on an estimated .63-acre parcel of land. Popeyes is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $123,480 and has scheduled increases of 2.00 % Annually.

FOR SALE DETAILS

PRICE

$1,829,333 USD

PRICE/SF

$750 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,288 SF

ZONING

CH

APN/PARCEL ID

0011204250

ASK ABOUT THIS PROPERTY

James WesterbergSurmountMore Info
516-477-7026

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James WesterbergSurmountMore Info
516-477-7026

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