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

Retail-Commercial for Sale
Catylist Listing ID: 30296449
Property Subtypes: Restaurant
Building Size (RSF): 1,100 SF
Gross Land Area: 0.44 Acres
Sale Price: $554,400
Unit Price: $504 PSF
In Opportunity Zone? Yes
Is Quick-Service Restaurant? Yes
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 9/24/2021

Overview / Comments

STNL Stand-alone former Little Caesar's QSR with drive-thru for sale on hard corner in Donaldsonville, LA. Credit tenant with 5 year NNN lease with 3 5 year options with 10% increases every 5 years. 119' of frontage on Veterans Blvd. with one curb cut. Sits on 0.44 Acre. 15,174 traffic count cars per day. Zoned LC. Dedicated turn lane and signalized intersection. 6.0% cap rate. (Building is currently occupied by a Cricket Wireless.)

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

Contact

Photograph of Listing Agent

Carmen R Austin, CCIM

Saurage Rotenberg Commercial Real Estate, LLC Baton Rouge, LA 70809
LACDB Member
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