Leased Restaurant
For Sale
$995,000
1504 Ruth St, Sulphur, LA 70663
Operating restaurant property with an in-place lease and remaining term, positioned near major highways and residential areas.
Property Size2,105 SF
Price / SF$472.68
Days on Market273
Property Features for 1504 Ruth St
General Information
Standard status
Active
Size
2,105 SF
Property subtype
Retail
Zoning
B
Site & Location
Traffic Count
20,706 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
8%
Amenities
Drive-Thru
Building Details
Tenancy
Single Tenant
Listing Agency:
Elifin Realty
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Lacdb.resimplifi
Added: Jan 7
Changed: Oct 5
Last Checked: Oct 5 at 3:17PM
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 Elifin Realty
Investment Insights
Based on property information with market context.
This 2,105-square-foot restaurant property at 1504 Ruth St in Sulphur, Louisiana, is offered with an existing lease and time remaining on the current term. The investment carries an 8% cap rate.
The property is bordered by I-10 and US Hwy-90, which record approximately 20,706 vehicles daily. Residential areas are nearby, providing surrounding pedestrian activity and additional context for the restaurant use.
The property is bordered by I-10 and US Hwy-90, which record approximately 20,706 vehicles daily. Residential areas are nearby, providing surrounding pedestrian activity and additional context for the restaurant use.
Key Highlights
- 2,105‑square‑foot restaurant property
- 8% cap rate
- Existing lease with remaining term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,761
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,220
$635.2K
Cap Rate 7%
$453,729
$453.7K
Cap Rate 9%
$352,900
$352.9K
Market Conditions
NOI Build-Up for 2,105 SF
Gross rent
$44.2K $21.00/SF
− Vacancy
−$1.9K −$0.88/SF
EGI
$42.3K $20.12/SF
− OpEx
−$10.6K −$5.03/SF
NOI
$31.8K $15.09/SF
Area
Calcasieu County, LA
Vacancy
4.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,220
Cap Rate 7%
$453,729
Cap Rate 9%
$352,900
Alternative Uses
Best Use
Specialty Retail
$453.7K
$397.0K – $529.4K
NOI $31,761 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
20,706 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
105k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Groceries 13%
Shops & Services 12%
Home Improvements & Furnishings 2%
McDonald's
Dining
28,105 visits/mo
0.1 miles
Brookshire Brothers
Groceries
13,264 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
11,635 visits/mo
0.2 miles
Wendy's
Dining
9,968 visits/mo
0.5 miles
Taco Bell
Dining
8,726 visits/mo
0.5 miles
Demographics for 70663, LA
29,325
Population
12,767
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
97.8 sq mi
ZIP Area
300
Density / Sq Mi
$59,444
Median Household Income
$37,587
Median Earnings
$914
Median Rent
$174,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Operating restaurant property with an in-place lease and remaining term, positioned near major highways and residential areas.
Where is this conventional restaurant located?
The property is located at 1504 Ruth St Sulphur, LA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,105‑square‑foot restaurant property; 8% cap rate; Existing lease with remaining term
