Turnkey Mexican Restaurant
1202 Town Center Pkwy Slidell, LA
1202 Town Center Pkwy, Slidell, LA, 00000
$2,900,000
For Sale
$2,900,000
Free-standing, 2018-built restaurant on 1.583 acres with included business, FF&E, and 120 parking spots.
Property Size8,015 SF
Price / SF$361.82
Days on Market153
Property Features for 1202 Town Center Pkwy
General Information
- Standard status
- Active
- Size
- 8,015 SF
Listing agency
ARMSTRONG REALTY
(504) 220-6562
Listed by
Linda Nguyen · License #912123849
(504) 220-6562
Source
Exprealty
Added: Feb 18 Updated: Jul 21 at 4:05AM Checked: Jul 21 at 4:05AM
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 ARMSTRONG REALTY
Investment Insights
Based on property information with market context.
Turnkey opportunity combining a busy Mexican restaurant business with the real estate. The sale includes a free-standing El Patron Mexican restaurant building constructed in 2018, totaling 8,015 SF on 1.583 acres. The offering also includes furniture, fixtures, and equipment, along with the business itself.
Located at 1202 Town Center Pkwy in Slidell, Louisiana, the property sits within Fremaux Town Center, a premier 640,000 SF regional shopping destination with 60+ retail, service, and restaurant operators. The site is also positioned near the entrance of Fremaux Park, a neighboring 280-acre mixed-use development that includes multifamily communities, hotels, a planned office park, and major industrial growth, including a 141,000 SF Amazon Fulfillment Center.
A total of 120 parking spots are included with the sale, supporting convenient on-site customer access.
Located at 1202 Town Center Pkwy in Slidell, Louisiana, the property sits within Fremaux Town Center, a premier 640,000 SF regional shopping destination with 60+ retail, service, and restaurant operators. The site is also positioned near the entrance of Fremaux Park, a neighboring 280-acre mixed-use development that includes multifamily communities, hotels, a planned office park, and major industrial growth, including a 141,000 SF Amazon Fulfillment Center.
A total of 120 parking spots are included with the sale, supporting convenient on-site customer access.
Key Highlights
- Turnkey Mexican restaurant business and real estate for sale on 1.583 acres
- Free‑standing El Patron Mexican restaurant building constructed in 2018
- Sale includes the business plus furniture, fixtures, and equipment (FF&E), along with the real estate
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $200.1k | $24.96 |
| − Vacancy | −$9.0k | −$1.12 |
| EGI | $191.1k | $23.84 |
| − OpEx | −$47.8k | −$5.96 |
| NOI | $143.3k | $17.88 |
8,015 SF · lease $24.96/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.05M
$1.79M – $2.39M
NOI $143,289 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$86.40M
$75.60M – $100.80M
NOI $6,048,183 @ 7.0% cap · market cap 208.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
El Patron Mexican ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Free-standing, 2018-built restaurant on 1.583 acres with included business, FF&E, and 120 parking spots.
Where is this conventional restaurant located?
The property is located at 1202 Town Center Pkwy Slidell, LA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Turnkey Mexican restaurant business and real estate for sale on 1.583 acres; Free‑standing El Patron Mexican restaurant building constructed in 2018; Sale includes the business plus furniture, fixtures, and equipment (FF&E), along with the real estate
