Freestanding Restaurant
For Sale
$2,600,000
110 Celebrity, Broussard, LA 70518
Former restaurant and bar facility positioned within Broussard’s established retail corridor.
Property Size7,924 SF
Price / SF$328.12
Days on Market547
Property Features for 110 Celebrity
General Information
Standard status
Active
Size
7,924 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Year Built
2015
Listing Agency:
Stirling Lafayette
(337) 572-0246
Listed By:
Ryan Pécot
(337) 572-0246
Source:
Lacdb.resimplifi
Added: Mar 1, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:06PM
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 Stirling Lafayette
Investment Insights
Based on property information with market context.
This freestanding conventional restaurant property contains 7,924 square feet and was constructed in 2015. The building previously operated as a Walk-On’s restaurant and bar, providing an established restaurant-oriented commercial asset in Broussard.
The property is located at 110 Celebrity near the Highway 90 and Albertson’s Parkway interchange. The surrounding retail environment includes Albertsons, Walmart, Home Depot, Walgreens, Raising Cane’s, McDonald’s, Burger King, Taco Bell, Starbucks, and other national and regional retailers. Broussard serves as a bedroom community of Lafayette and has experienced residential and commercial growth, while the submarket draws retail customers from areas east and south of Lafayette.
The property is located at 110 Celebrity near the Highway 90 and Albertson’s Parkway interchange. The surrounding retail environment includes Albertsons, Walmart, Home Depot, Walgreens, Raising Cane’s, McDonald’s, Burger King, Taco Bell, Starbucks, and other national and regional retailers. Broussard serves as a bedroom community of Lafayette and has experienced residential and commercial growth, while the submarket draws retail customers from areas east and south of Lafayette.
Key Highlights
- 7,924‑square‑foot restaurant property
- Freestanding building constructed in 2015
- Previously operated as a Walk‑On’s restaurant and bar
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
$102,964
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
3.96%
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%
$2,059,280
$2.1M
Cap Rate 7%
$1,470,914
$1.5M
Cap Rate 9%
$1,144,044
$1.1M
Market Conditions
NOI Build-Up for 7,924 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
$149.3K $18.84/SF
− Vacancy
−$12.0K −$1.51/SF
EGI
$137.3K $17.33/SF
− OpEx
−$34.3K −$4.33/SF
NOI
$103.0K $12.99/SF
Area
Lafayette County, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
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%
$2,059,280
Cap Rate 7%
$1,470,914
Cap Rate 9%
$1,144,044
Alternative Uses
Best Use
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $102,964 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,145 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70518, LA
16,683
Population
6,724
Households
2.5
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
41.7 sq mi
ZIP Area
400
Density / Sq Mi
$103,574
Median Household Income
$51,210
Median Earnings
$997
Median Rent
$287,300
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?
Conventional restaurant - Former restaurant and bar facility positioned within Broussard’s established retail corridor.
Where is this conventional restaurant located?
The property is located at 110 Celebrity Broussard, LA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 7,924‑square‑foot restaurant property; Freestanding building constructed in 2015; Previously operated as a Walk‑On’s restaurant and bar
