7305 Highway 182 E - Fast Food FOR SALE


Morgan City, LA 70380
$1,590,000 USD
504-915-5082
7305 Highway 182 E, Morgan City, LA for Sale
$1,590,000 USD
Fast Food - FOR SALE
1/4
null | 6.6% Cap Rate

7305 Highway 182 E
Morgan City, LA 70380


OVERVIEW

This Wendy’s Restaurant in Morgan City, LA was significantly renovated in 2023. New 15 year Absolute NNN lease comes with a personal guarantee from the franchisee. This franchisee has been with Wendy's for 29 years and currently owns and operates 9 stores with two more to open in late 2024 and 2025.. Financials on the franchisee and the lease document are available upon the execution of a NDA.

FOR SALE DETAILS

PRICE

$1,590,000 USD

PRICE/SF

$524 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

-

APN/PARCEL ID

3254341186

ASK ABOUT THIS PROPERTY

Michael PouTalbot Realty GroupMore Info
504-915-5082

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Michael PouTalbot Realty GroupMore Info
504-915-5082

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