Turn-Key Restaurant with
For Sale
Contact for pricing
1585 South Military Road, Slidell, LA 70461
Turn-key, equipped restaurant ready for immediate operation near major retail corridors and neighborhood demand.
Property Size5,000 SF
Price / SF$195
Days on Market69
Property Features for 1585 South Military Road
General Information
Standard status
Active
Size
5,000 SF
Class
A
Total Parking Spaces
80
Property subtype
Retail
Zoning
Commercial
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Renovated
2024
Listing Agency:
ABEK Real Estate
(985) 788-4993
Listed By:
Larry Haik jr · License #LA 000036766
Source:
Crexi
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 11 at 1:56PM
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 sale includes a turn-key, equipped, and attractively designed restaurant with furnishings and equipment packaged with the asking price. The property is presented as an operating restaurant concept, with interior build-out and decor intended to support day-one readiness for the right operator. The total size is approximately 5,000 square feet.
The restaurant is located at 1585 South Military Road in Slidell, near one of the area’s busiest intersections, Gause Blvd. East and South Military Rd. It sits within close proximity to a mix of retail, multi- and single-family residences, several large grocery stores, a major family athletic club, and a number of national fast-food, gas, and medical uses.
Please note that the business is shown by appointment only, and visitors should not approach any employees, including management. This is a straightforward option for qualified operators seeking a prepared space rather than starting from scratch, supported by an established location footprint near active shopping, dining, and community uses. Contact Larry Haik to schedule a viewing.
The restaurant is located at 1585 South Military Road in Slidell, near one of the area’s busiest intersections, Gause Blvd. East and South Military Rd. It sits within close proximity to a mix of retail, multi- and single-family residences, several large grocery stores, a major family athletic club, and a number of national fast-food, gas, and medical uses.
Please note that the business is shown by appointment only, and visitors should not approach any employees, including management. This is a straightforward option for qualified operators seeking a prepared space rather than starting from scratch, supported by an established location footprint near active shopping, dining, and community uses. Contact Larry Haik to schedule a viewing.
Key Highlights
- Turn‑key, equipped restaurant offered for immediate operation (price includes equipment)
- Shown by appointment only; call Larry Haik to schedule a viewing
- Restaurant is located near the intersection of Gause Blvd East and South Military Rd in Slidell
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
51
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70461, LA
30,740
Population
12,900
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
89%
High-School Grad
53.5 sq mi
ZIP Area
575
Density / Sq Mi
$88,035
Median Household Income
$48,351
Median Earnings
$1,201
Median Rent
$267,100
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 - Turn-key, equipped restaurant ready for immediate operation near major retail corridors and neighborhood demand.
Where is this conventional restaurant located?
The property is located at 1585 South 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: Turn‑key, equipped restaurant offered for immediate operation (price includes equipment); Shown by appointment only; call Larry Haik to schedule a viewing; Restaurant is located near the intersection of Gause Blvd East and South Military Rd in Slidell
