Turnkey Restaurant with Included
For Sale
$975,000
158 S Military Road, Slidell, LA 70460
Move-in ready restaurant for sale with all equipment included, designed for immediate owner-operator use.
Property Size5,000 SF
Days on Market77
Property Features for 158 S Military Road
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Zoning
Comm
Additional Details
Business Included
Yes
Building Details
Building Size
5,000 SF
Year Built
1998
Listing Agency:
Abek Real Estate
(985) 259-4605
Listed By:
Lawrence Haik
Source:
Nolalivingrealty
Added: Jun 10
Changed: Aug 24
Last Checked: Aug 24 at 3:27PM
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 Abek Real Estate
Investment Insights
Based on property information with market context.
This turnkey restaurant sale includes a fully equipped, move-in ready operation with an established buildout and tasteful interior design. The property is positioned as a ready-to-run opportunity for an owner-operator or investor, with equipment included in the purchase price.
The restaurant is located near one of Slidell’s busiest intersections at Gause Blvd East and South Military Road. The surrounding area features a mix of retail businesses, single-family and multifamily residential communities, major grocery stores, an area family athletic club, national fast-food brands, gas stations, medical facilities, and other established commercial destinations.
For tenants and buyers seeking a restaurant property that is prepared for immediate operations, this offering provides a practical path to occupancy without the need to source and install equipment first. The combination of a complete buildout, included equipment, and a customer-focused retail and amenities mix supports a straightforward transition for the next operator.
The restaurant is located near one of Slidell’s busiest intersections at Gause Blvd East and South Military Road. The surrounding area features a mix of retail businesses, single-family and multifamily residential communities, major grocery stores, an area family athletic club, national fast-food brands, gas stations, medical facilities, and other established commercial destinations.
For tenants and buyers seeking a restaurant property that is prepared for immediate operations, this offering provides a practical path to occupancy without the need to source and install equipment first. The combination of a complete buildout, included equipment, and a customer-focused retail and amenities mix supports a straightforward transition for the next operator.
Key Highlights
- Move‑in ready restaurant for sale with all equipment included in the price
- Designed for immediate owner‑operator use
- Located near one of Slidell’s busiest intersections: Gause Blvd. East and South Military Road
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
$89,388
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
9.17%
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%
$1,787,760
$1.8M
Cap Rate 7%
$1,276,971
$1.3M
Cap Rate 9%
$993,200
$993.2K
Market Conditions
NOI Build-Up for 5,000 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
$124.8K $24.96/SF
− Vacancy
−$5.6K −$1.12/SF
EGI
$119.2K $23.84/SF
− OpEx
−$29.8K −$5.96/SF
NOI
$89.4K $17.88/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$24.96 /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%
$1,787,760
Cap Rate 7%
$1,276,971
Cap Rate 9%
$993,200
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,388 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$53.90M
$47.16M – $62.88M
NOI $3,773,040 @ 7.0% cap · market cap 386.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
99k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Groceries 28%
Shops & Services 27%
Winn-Dixie
Groceries
27,711 visits/mo
0.1 miles
McDonald's
Dining
19,725 visits/mo
0.2 miles
Wendy's
Dining
15,807 visits/mo
0.3 miles
Exxon
Shops & Services
12,555 visits/mo
0.2 miles
Circle K
Shops & Services
8,466 visits/mo
0.1 miles
Demographics for 70460, LA
22,429
Population
9,223
Households
2.4
Avg Household Size
39
Median Age
17%
College-Educated
84%
High-School Grad
38.4 sq mi
ZIP Area
584
Density / Sq Mi
$63,413
Median Household Income
$35,197
Median Earnings
$1,208
Median Rent
$184,400
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 - Move-in ready restaurant for sale with all equipment included, designed for immediate owner-operator use.
Where is this conventional restaurant located?
The property is located at 158 S Military Road Slidell, LA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Move‑in ready restaurant for sale with all equipment included in the price; Designed for immediate owner‑operator use; Located near one of Slidell’s busiest intersections: Gause Blvd. East and South Military Road
