14089 Plank Rd Baker, LA 70714

Listing agency Saurage Rotenberg Commercial Real Estate c***@sr-cre.com Show Phone

Listed by Carmen Austin, MBA, CCIM, SIOR · License #LA BROK.0912122713-ASA

Source Crexi

Added: Apr 11 Updated: Jul 22 at 4:27AM Checked: Jul 22 at 4:27AM

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Investment Insights

Based on property information with market context.

Absolute NNN sale opportunity featuring a Little Caesar’s restaurant with drive-thru service. The property was completely remodeled in 2017 and is currently under a 5-year NNN lease with three, 5-year options remaining. Annual rent increases are scheduled at 10% every 5 years.

The restaurant sits on a corner lot with easy access to Plank Rd. and Lavey Lane, including 184 feet of frontage on Plank Road with lighted access. The site is described as being on a busy, high-traffic corridor popular for fast-food.

This offering is presented as an absolute NNN investment with a stated 6.5% cap rate.

Key Highlights

• Absolute NNN Little Caesar's restaurant with drive‑thru on a busy corner of Plank Rd. and Lavey Lane in Baker, LA
• Completely remodeled in 2017
• 5‑year NNN lease with 3 five‑year options and 10% increases every 5 years

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FAQs

What type of property is this?

NNN property - Completely remodeled Little Caesars drive-thru on a corner lot with lighted access and a 5-year NNN lease.

Where is this nnn property located?

The property is located at 14089 Plank Rd Baker, LA.

What are key features of this property?

This property features: Absolute NNN Little Caesar's restaurant with drive‑thru on a busy corner of Plank Rd. and Lavey Lane in Baker, LA; Completely remodeled in 2017; 5‑year NNN lease with 3 five‑year options and 10% increases every 5 years