301 Constitution Dr - Restaurant FOR SALE
West Monroe, LA 71292 |
301 Constitution Dr
West Monroe, LA 71292
HIGHLIGHTS
- No Landlord Responsibilities -- Absolute Net Lease with 7.5 Years Remaining
- Strong Demographics and Trade Area (Mixed Retail/Hospitality) (Adjacent to Buffalo Wild Wings, Outback Steakhouse, Cracker Barrell & Harbor Freight)
- Excellent Credit Tenant - Brinker (NYSE: EAT)
- (4) additional 5 year lease renewal options at 1.5% annual rent increases
- Proven Location....Tenant recently (2 years ago) opted to exercise a 10 year renewal rather than than the regular 5 year option
- Asking $2,325,000 (6.06% CAP RATE) at closing NOI = $139,750
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Bar, Freestanding
TOTAL BUILDING SIZE
5744
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
110
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
103662
