Drive-Thru
For Sale
$200,000
4710 S Sherwood Forest Blvd, Baton Rouge, LA 70816
Restaurant business and FF&E on a hard corner with drive-thru, hood vent, grease trap, and walk-in coolers.
Property Size1,194 SF
Days on Market14
Property Features for 4710 S Sherwood Forest Blvd
General Information
Standard status
Active
Size
1,194 SF
Property subtype
Business Opportunity
Site & Location
Drive-Thru
Yes
Pylon Signage
Yes
Traffic Count
30,926 vehicles/day
Highway Access
Yes
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Building Size
1,194 SF
Year Built
1996
Listing Agency:
Saurage Rotenberg Commercial Real Estate
(225) 328-1778
Listed By:
Carmen Austin, MBA, CCIM, SIOR · License #BROK.0912122713-ASA
(225) 328-1778
Source:
Sauragerotenberg
Added: Jul 30
Changed: Aug 10
Last Checked: Aug 11 at 5:00AM
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 Saurage Rotenberg Commercial Real Estate
Investment Insights
Based on property information with market context.
Hungry Bites business plus FF&E (furniture, fixtures & equipment) is available for sale. The operation is set up for cooked-to-order service with a hood vent and grease trap, along with walk-in coolers and a drive-thru facility. A covered patio area supports outdoor dining.
The restaurant is located on the hard corner of S. Sherwood Forest Blvd and Coursey Blvd in Baton Rouge, described as the busiest intersection in the area. The property includes a large new construction seafood boiling building and propane tanks, plus a large pylon sign. Parking and access are supported by easy interstate connectivity, with I-12 via S. Sherwood Forest and Airline Hwy, and I-10 via Siegen Lane. High traffic counts are listed at 30,926 cars per day.
The main restaurant building is 1,250 SF, with a dedicated boiling area of 1,080 SF. Additional included equipment references propane boiling tanks and a side building to boil crawfish, and the property is reported with a year built of 1996.
The restaurant is located on the hard corner of S. Sherwood Forest Blvd and Coursey Blvd in Baton Rouge, described as the busiest intersection in the area. The property includes a large new construction seafood boiling building and propane tanks, plus a large pylon sign. Parking and access are supported by easy interstate connectivity, with I-12 via S. Sherwood Forest and Airline Hwy, and I-10 via Siegen Lane. High traffic counts are listed at 30,926 cars per day.
The main restaurant building is 1,250 SF, with a dedicated boiling area of 1,080 SF. Additional included equipment references propane boiling tanks and a side building to boil crawfish, and the property is reported with a year built of 1996.
Key Highlights
- Hard‑corner location at S. Sherwood Forest Blvd and Coursey Blvd with listed 30,926 cars per day
- Drive‑thru facility with hood vent and grease trap
- Walk‑in coolers plus included FF&E and equipment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,962
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$159,240
$159.2K
Cap Rate 7%
$113,743
$113.7K
Cap Rate 9%
$88,467
$88.5K
Market Conditions
NOI Build-Up for 1,194 SF
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.
Gross rent
$11.6K $9.72/SF
− Vacancy
−$231 −$0.19/SF
EGI
$11.4K $9.53/SF
− OpEx
−$3.4K −$2.86/SF
NOI
$8.0K $6.67/SF
Area
Baton Rouge, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$159,240
Cap Rate 7%
$113,743
Cap Rate 9%
$88,467
Alternative Uses
Best Use
Specialty Retail
$286.0K
$250.2K – $333.6K
NOI $20,017 @ 7.0% cap · market cap 10.01%
Second Best
Industrial
$113.7K
$99.5K – $132.7K
NOI $7,962 @ 7.0% cap · market cap 3.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,926 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
136k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 30%
Groceries 22%
Beauty & Spa 3%
Walmart Neighborhood Market
Groceries
29,407 visits/mo
0.2 miles
RaceTrac
Shops & Services
20,909 visits/mo
0.0 miles
Wendy's
Dining
14,584 visits/mo
0.1 miles
Starbucks
Dining
12,355 visits/mo
0.4 miles
El Paso Mexican Grill
Dining
8,847 visits/mo
0.1 miles
Demographics for 70816, LA
45,232
Population
21,024
Households
2.2
Avg Household Size
34
Median Age
36%
College-Educated
94%
High-School Grad
16.3 sq mi
ZIP Area
2,775
Density / Sq Mi
$65,894
Median Household Income
$39,344
Median Earnings
$1,155
Median Rent
$232,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant business and FF&E on a hard corner with drive-thru, hood vent, grease trap, and walk-in coolers.
Where is this drive through restaurant located?
The property is located at 4710 S Sherwood Forest Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Hard‑corner location at S. Sherwood Forest Blvd and Coursey Blvd with listed 30,926 cars per day; Drive‑thru facility with hood vent and grease trap; Walk‑in coolers plus included FF&E and equipment
