Listing Agency: Arceneaux Real Estate, LLC p***@arceneauxrealestate.com Show Phone

Listed By: Paul Arceneaux · License #995719154 Show Phone

Source: Exprealty

Added: Sep 25, 2024 Changed: Aug 21 Last Checked: Aug 22 at 11:54AM

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Investment Insights

Based on property information with market context.

This standalone restaurant, formerly a Burger King, is located on Hwy 182 (Main St) in Franklin, Louisiana, near hotels and other commercially active businesses. The restaurant has just under 3,000 square feet and features convenient drive-thru access. All existing FF&E (furniture, fixtures, and equipment) will remain with the property in "as is" condition for use by the new tenant. This sublease opportunity has a lease expiration date of June 5, 2034. The lease is an absolute NNN (triple net) lease.

Key Highlights

• Standalone restaurant (formerly Burger King) with existing FF&E included.
• Located on Hwy 182 (Main St) in Franklin, LA, near hotels and commercially active businesses.
• Features an easy access and convenient drive‑thru.

Property Analytics

Property Profile

Current Use

Drive through restaurants

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Nail Salon HVAC Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

282

Businesses Nearby

68k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 47% Shops & Services 46% Hotels & Casinos 7%

McDonald's Dining

17,828 visits/mo 0.1 miles

SONIC Drive In Dining

7,490 visits/mo 0.1 miles

Dollar Tree Shops & Services

7,435 visits/mo 0.2 miles

Popeyes Louisiana Kitchen Dining

6,575 visits/mo 0.2 miles

Shell Shops & Services

5,872 visits/mo 0.1 miles

Demographics for 70538, LA

12,604

Population

6,428

Households

2

Avg Household Size

42

Median Age

14%

College-Educated

85%

High-School Grad

229.9 sq mi

ZIP Area

55

Density / Sq Mi

$55,662

Median Household Income

$36,436

Median Earnings

$860

Median Rent

$109,100

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Restaurant - Freestanding restaurant with drive-thru available for sublease until 2034.

Where is this restaurant located?

The property is located at 1829 Main St Franklin, LA.

What is the lease rate?

The lease rate is $3,000/Mo.

What are key features of this property?

This property features: Standalone restaurant (formerly Burger King) with existing FF&E included.; Located on Hwy 182 (Main St) in Franklin, LA, near hotels and commercially active businesses.; Features an easy access and convenient drive‑thru.