7305 Highway 182 E - Fast Food FOR SALE


Morgan City, LA 70380
$1,615,000 USD
646-845-8426
7305 Highway 182 E, Morgan City, LA for Sale
$1,615,000 USD
Fast Food - FOR SALE
1/1
null | 6.5% Cap Rate

7305 Highway 182 E
Morgan City, LA 70380


HIGHLIGHTS

  • Zero Landlord Responsibilities
  • Recent Renovation
  • High Performing Site w/ Strong Rent-to-Sales
  • Long-Term Lease w/ Built-In Rent Increases
  • 10+ Years Operating History
  • Strategic Positioning in a Heavily Trafficked Retail Corridor

OVERVIEW

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. The site was updated to the new Wendy's store styling in 2023, demonstrating the tenant's commitment to the site. Located in a major retail corridor off of Highway 182 East, the property benefits from consistent traffic and visibility to over 33K 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 guarantee 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.

FOR SALE DETAILS

PRICE

$1,615,000 USD

PRICE/SF

$532 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

3254341186,3254341307

ASK ABOUT THIS PROPERTY

Shaan DadlaniNorthmarqMore Info
646-845-8426

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Shaan DadlaniNorthmarqMore Info
646-845-8426

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