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    420 Westbank Expy Gretna, LA 70053

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    For Sale
    $2,320,000

    NNN leased Shoney's restaurant in Gretna, Louisiana.

    Property size:
    5,693 SF
    Lot size:
    0.51 Acres

    Property Features for 420 Westbank Expy

    General Information

    Size
    5,693 SF
    Lot size
    0.51 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gretna Shoney's NNN Investment

    The property is a Shoney's restaurant located at 420 Westbank Expressway, Gretna, Louisiana. It features a 5,693-square-foot building on an estimated 0.87-acre parcel of land. The property is subject to a 30-year Triple Net (NNN) lease, which commenced on January 2, 2007. The current annual rent is $168,000, with scheduled increases of 10.00% every 5 years.
    Location Intelligence

    Current Use by Public Records

    Shoney's American Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    CHOPSTIX BUFFET

    Location Insight

    • Map
    • Local Demand
    City
    Gretna
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.055579
    Latitude
    29.909673

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    FAQs

    What type of property is this?
    Conventional restaurant - NNN leased Shoney's restaurant in Gretna, Louisiana.
    Where is this conventional restaurant located?
    The property is located at 420 Westbank Expy Gretna, LA.
    What is the asking price?
    The asking price for this property is $2,320,000.
    What are key features of this property?
    This property features: - Long-term Triple Net (NNN) lease in place until 2037 (commenced 1/2/2007).; - Current annual rent of $168,000.; - Scheduled rent increases of 10.00% every 5 years.
    (332) 345-2408
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    420 Westbank Expy Gretna, LA 70053
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420 Westbank Expy Gretna, LA 70053
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