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    301 Constitution Dr West Monroe, LA 71292

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    For Sale
    $2,325,000

    Restaurant property with a long-term absolute net lease.

    Property size:
    5,744 SF
    Lot size:
    1.67 Acres

    Property Features for 301 Constitution Dr

    General Information

    Size
    5,744 SF
    Lot size
    1.67 Acres

    Source: Advisors Commercial Real Estate - Houston Agent David Hummel

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

    Overview

    West Monroe Restaurant Investment Opportunity

    This restaurant property in West Monroe, LA, features a 5,744 square foot building. The property is subject to an absolute net lease with approximately 7.5 years remaining. The tenant, Brinker (NYSE: EAT), has demonstrated commitment to the location, having recently exercised a ten-year renewal option two years ago instead of the standard five-year option. The lease includes four additional five-year renewal options, each with 1.5% annual rent increases. The location benefits from strong demographics and a mixed retail and hospitality trade area. It is situated adjacent to Buffalo Wild Wings, Outback Steakhouse, Cracker Barrel, and Harbor Freight, indicating a high-traffic commercial environment. This property offers a passive investment opportunity with no landlord responsibilities due to the absolute net lease structure.
    Insight Report Location Intelligence

    Current Use by Public Records

    It's Just Wings Chicken Wings Restaurant Chili's Grill & Bar Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    West Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.160754
    Latitude
    32.506725

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    FAQs

    What type of property is this?
    Restaurant - Restaurant property with a long-term absolute net lease.
    Where is this restaurant located?
    The property is located at 301 Constitution Dr West Monroe, LA.
    What is the asking price?
    The asking price for this property is $2,325,000.
    What are key features of this property?
    This property features: - Excellent Credit Tenant - Brinker (NYSE: EAT); - NO LANDLORD RESPONSIBILITIES -- ABSOLUTE NET LEASE WITH 7.5 YEARS REMAINING; - Four (4) additional five (5) year lease renewal options at 1.5% annual rent increases
    (713) 540-9116
    Request Owner's contact information
    301 Constitution Dr West Monroe, LA 71292
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    301 Constitution Dr
    West Monroe, LA 71292
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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
    301 Constitution Dr West Monroe, LA 71292
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