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301 Constitution Dr
West Monroe, LA 71292

$2,325,000 USD

Restaurant For Sale  •  5,744 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 5,744 SF
  • Lot Size 1.68 AC
  • Building Class C
  • Year Built 1997
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
40 Walk Score

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

Property Flyers

Public Transportation

AirportDriveWalkDistance
Monroe Regional 13 min - 8.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 110
Type: Surface
Included in Rent: Yes
David Hummel 713-540-9116 Advisors Commercial Real Estate
David Hummel 713-540-9116 Advisors Commercial Real Estate