STNL Little Caesar's in Donaldsonville, LA (as part of Portfolio)

Retail-Commercial for Sale
Catylist Listing ID: 30277331
Property Subtypes: Restaurant
Building Size (RSF): 1,488 SF
Gross Land Area: 0.33 Acres
Sale Price: $425,000
Unit Price: $285.62 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 10/21/2019

Overview / Comments

STNL Stand-alone Little Caesar's QSR with drive-thru for sale on hard corner in Donaldsonville, LA. Strong credit tenant with 5 year NNN lease with 3 5 year options with 10% increases every 5 years. 119' of frontage on Veterans Blvd. Sits on 0.33 Acre. 15,174 traffic count cars per day. Zoned LC. Dedicated turn lane and signalized intersection. 7% cap rate.

Additional Details

Nearest MSA: Baton Rouge
County: Ascension
Submarket/Township: 92
Tax ID/APN: 122000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,622 9,850 16,100
Median Age: 31.32 34.24 35.13
Households: 1,596 3,383 5,638


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