Freestanding Restaurant
For Sale
$2,600,000
110 Celebrity, Broussard, LA 70518
Former restaurant and bar facility positioned within Broussard’s established retail corridor.
Property Size7,924 SF
Price / SF$328.12
Days on Market593
Property Features for 110 Celebrity
General Information
Standard status
Active
Size
7,924 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Year Built
2015
Listing Agency:
Stirling Lafayette
Listed By:
Ryan Pécot
(337) 572-0246
Source:
Lacdb.resimplifi
Added: Mar 1, 2025
Changed: Oct 8
Last Checked: Oct 14 at 7:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stirling Lafayette
Investment Insights
Based on property information with market context.
This freestanding conventional restaurant property contains 7,924 square feet and was constructed in 2015. The building previously operated as a Walk-On’s restaurant and bar, providing an established restaurant-oriented commercial asset in Broussard.
The property is located at 110 Celebrity near the Highway 90 and Albertson’s Parkway interchange. The surrounding retail environment includes Albertsons, Walmart, Home Depot, Walgreens, Raising Cane’s, McDonald’s, Burger King, Taco Bell, Starbucks, and other national and regional retailers. Broussard serves as a bedroom community of Lafayette and has experienced residential and commercial growth, while the submarket draws retail customers from areas east and south of Lafayette.
The property is located at 110 Celebrity near the Highway 90 and Albertson’s Parkway interchange. The surrounding retail environment includes Albertsons, Walmart, Home Depot, Walgreens, Raising Cane’s, McDonald’s, Burger King, Taco Bell, Starbucks, and other national and regional retailers. Broussard serves as a bedroom community of Lafayette and has experienced residential and commercial growth, while the submarket draws retail customers from areas east and south of Lafayette.
Key Highlights
- 7,924‑square‑foot restaurant property
- Freestanding building constructed in 2015
- Previously operated as a Walk‑On’s restaurant and bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,964
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,059,280
$2.1M
Cap Rate 7%
$1,470,914
$1.5M
Cap Rate 9%
$1,144,044
$1.1M
Market Conditions
NOI Build-Up for 7,924 SF
Gross rent
$149.3K $18.84/SF
− Vacancy
−$12.0K −$1.51/SF
EGI
$137.3K $17.33/SF
− OpEx
−$34.3K −$4.33/SF
NOI
$103.0K $12.99/SF
Area
Lafayette County, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,059,280
Cap Rate 7%
$1,470,914
Cap Rate 9%
$1,144,044
Alternative Uses
Best Use
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $102,964 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,145 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70518, LA
16,683
Population
6,724
Households
2.5
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
41.7 sq mi
ZIP Area
400
Density / Sq Mi
$103,574
Median Household Income
$51,210
Median Earnings
$997
Median Rent
$287,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant and bar facility positioned within Broussard’s established retail corridor.
Where is this conventional restaurant located?
The property is located at 110 Celebrity Broussard, LA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 7,924‑square‑foot restaurant property; Freestanding building constructed in 2015; Previously operated as a Walk‑On’s restaurant and bar
