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5430 Cypress St

West Monroe, LA 71291

$1,993,479

Fast Food For Sale  •  2,800 Sq Ft

Property Details

  • Property Type Fast Food
  • Total Building Size 2,800 Sq Ft
  • Lot Size 0.67 ac
  • Building Class B
  • Year Built 2010
  • Cap Rate 6.00 %
  • Tenancy Single
0 Transit Score
47 Walk Score

Description

The subject investment property is located at 5430 Cypress Street in West Monroe, Louisiana. West Monroe is a city in Ouachita Parish which is situated on the Ouachita River, across from the city of Monroe. West Monroe has a strong population with approximately 30,500 individuals residing within a three-mile radius of the property and nearly 58,000 individuals within a five-mile radius. This Burger King is located on Cypress Street, which experiences 19,000 vehicles in front of the site per day. Cypress Street intersects with Well Road, which serves as an access road to Interstate-20 and experiences over 22,000 vehicles per day. This property also greatly benefits from its close proximity to Interstate-20, which brings in an addition 82,000 vehicles to the area per day.

This subject property is well-positioned off of Interstate-20, benefiting from its close proximity to many major national and local retailers. Major national retailers in the immediate area include: Walmart Neighborhood Market, CVS Pharmacy, Walgreens, Family Dollar, Zaxby’s, Taco Bell, McDonald’s, Waffle House, Slim Chickens, as well as many others. This Burger King benefits from being within walking distance to Ashford Place Apartments, an apartment complex with over 330 units. Additionally, Surge Entertainment Center is undergoing construction directly in front of the Ike Hamilton Expo Center. The 43,000 square foot center will feature 18 bowling lanes, climbing walls, laser tag, an arcade, a restaurant, and a separate area for adults serving alcohol.

In northeast Louisiana, West Monroe serves as the hub for restaurants, hotels, and entertainment. The city is currently developing the best commercial property in Northeast Louisiana into a mixed-use commercial park located at Interstate 20 and Downing Pines Road. The Ike Hamilton Expo Center (“the Ike”) is already located at Downing Pines. The Ike opened at the beginning of 2002 and was constructed to attract large horse/livestock events. Its goal is to bring tourists to West Monroe and, as a result, create a large economic impact. From its first day, the Ike has been the number one tourist attraction and an important economic engine in the region. The City is developing the land in front of the Ike into a first-class, open-air retail center. Given the growth that the city has experienced over the past 10 years, the City is positioned to, as a result, see tremendous retail growth and this prime location for a retail center will help make this growth a reality.

Highlights

11+ years remaining on an original 20-year lease
Absolute Triple Net (NNN) lease with zero landlord responsibilities
Attractive rental increases of two percent (2.0%) annually
Four (4), five-(5) year tenant renewal options
GPS Hospitality is the fourth largest Burger King franchisee
Burger King brand is one of the world’s most recognized consumer brands
Cap Rate: 6.00 %

Amenities

  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Monroe Regional Airport 16 min - 10.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Glen Kunofsky 212-430-5100 Marcus & Millichap Inc
Glen Kunofsky 212-430-5100 Marcus & Millichap Inc