Turnkey Snack Shack
For Sale
$99,000
1716 S Main St, Saint Martinville, LA 70582
Standalone restaurant with a walk-up service window, exterior menu boards, and included FFE for immediate, hands-on operation.
Property Size480 SF
Price / SF$206.25
Days on Market185
Property Features for 1716 S Main St
General Information
Standard status
Active
Size
480 SF
Listing Agency:
The Gleason Group
(337) 446-1783
Listed By:
Cassie L Goldsboro · License #0995680237
(337) 446-1783
Source:
Exprealty
Added: Feb 3
Changed: Jul 10
Last Checked: Aug 7 at 10:27AM
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 The Gleason Group
Investment Insights
Based on property information with market context.
This standalone snack shack restaurant is designed for quick ordering, featuring a walk-up service window along with bold exterior menu boards and clear signage. The sale includes all furniture, fixtures, and equipment (FFE), supporting a true turnkey transition for a new owner.
The business is positioned in a high-visibility area with strong traffic and sits within a busy shopping center that provides ample parking for customers. Clear exterior identification helps customers spot and order efficiently while keeping the operation oriented toward on-the-go dining.
The layout and ordering style make this a practical fit for an owner-operator looking to run a recognizable concept from a ready-to-work setup, or for an investor seeking a restaurant asset that is immediately operational. An experienced employee is already in place and would like to remain, which may help support continuity during the ownership transition.
The business is positioned in a high-visibility area with strong traffic and sits within a busy shopping center that provides ample parking for customers. Clear exterior identification helps customers spot and order efficiently while keeping the operation oriented toward on-the-go dining.
The layout and ordering style make this a practical fit for an owner-operator looking to run a recognizable concept from a ready-to-work setup, or for an investor seeking a restaurant asset that is immediately operational. An experienced employee is already in place and would like to remain, which may help support continuity during the ownership transition.
Key Highlights
- Standalone snack shack/restaurant for sale at 1716 S Main Street, St. Martinville.
- Walk‑up service window with exterior menu boards and clear signage for easy customer ordering.
- Business located in a busy shopping center with ample parking.
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
$5,033
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
5.08%
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%
$100,660
$100.7K
Cap Rate 7%
$71,900
$71.9K
Cap Rate 9%
$55,922
$55.9K
Market Conditions
NOI Build-Up for 480 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
$7.2K $15.00/SF
− Vacancy
−$490 −$1.02/SF
EGI
$6.7K $13.98/SF
− OpEx
−$1.7K −$3.49/SF
NOI
$5.0K $10.49/SF
Area
St. Martin County, LA
Vacancy
6.80%
Lease Rate
$15.00 /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%
$100,660
Cap Rate 7%
$71,900
Cap Rate 9%
$55,922
Alternative Uses
Best Use
Specialty Retail
$71.9K
$62.9K – $83.9K
NOI $5,033 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$105.4K
$92.2K – $123.0K
NOI $7,379 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Dining 8%
Family Dollar
Shops & Services
2,482 visits/mo
0.1 miles
Home Bank
Shops & Services
1,887 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
888 visits/mo
0.4 miles
Wingstreet
Dining
449 visits/mo
0.5 miles
Fred's Super Dollar
Shops & Services
161 visits/mo
0.1 miles
Demographics for 70582, LA
19,088
Population
9,122
Households
2.1
Avg Household Size
41
Median Age
13%
College-Educated
84%
High-School Grad
148.0 sq mi
ZIP Area
129
Density / Sq Mi
$46,690
Median Household Income
$36,265
Median Earnings
$787
Median Rent
$149,100
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 - Standalone restaurant with a walk-up service window, exterior menu boards, and included FFE for immediate, hands-on operation.
Where is this conventional restaurant located?
The property is located at 1716 S Main St Saint Martinville, LA.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Standalone snack shack/restaurant for sale at 1716 S Main Street, St. Martinville.; Walk‑up service window with exterior menu boards and clear signage for easy customer ordering.; Business located in a busy shopping center with ample parking.
