Drive-Through Restaurant
For Sale
$350,000
Pending
3026 HWY 90, Westwego, LA 70094
Chicken & Sides location with an absolute NNN lease, MUCD zoning, and direct US Highway 90 access.
Property Size1,560 SF
Days on Market182
Property Features for 3026 HWY 90
General Information
Standard status
Pending
Size
1,560 SF
Property subtype
Retail
Zoning
MUCD
Amenities
Drive-Thru
Listing Agency:
The McEnery Company Inc
(985) 317-4464
Listed By:
Louie LeBourgeois · License #995684661
(985) 317-4464
Source:
Lacdb.resimplifi
Added: Mar 1
Changed: Aug 30
Last Checked: Aug 30 at 5:43AM
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 McEnery Company Inc
Investment Insights
Based on property information with market context.
This 1,560-square-foot drive-through restaurant property operates as a Chicken & Sides location under an absolute NNN lease. The asset is zoned MUCD and is positioned directly along US Highway 90, providing convenient access from the corridor.
US Highway 90 records traffic counts of over 20,000+ vehicles per day at the property. The surrounding retail environment includes CVS, Wendy’s, McDonald’s, RaceTrac, and Subway, adding established commercial activity nearby.
US Highway 90 records traffic counts of over 20,000+ vehicles per day at the property. The surrounding retail environment includes CVS, Wendy’s, McDonald’s, RaceTrac, and Subway, adding established commercial activity nearby.
Key Highlights
- 1,560‑square‑foot drive‑through restaurant property
- Operating as a Chicken & Sides location
- Absolute NNN lease structure
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
$26,418
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
7.55%
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%
$528,360
$528.4K
Cap Rate 7%
$377,400
$377.4K
Cap Rate 9%
$293,533
$293.5K
Market Conditions
NOI Build-Up for 1,560 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
$35.9K $23.04/SF
− Vacancy
−$719 −$0.46/SF
EGI
$35.2K $22.58/SF
− OpEx
−$8.8K −$5.64/SF
NOI
$26.4K $16.93/SF
Area
Jefferson County, LA
Vacancy
2.00%
Lease Rate
$23.04 /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%
$528,360
Cap Rate 7%
$377,400
Cap Rate 9%
$293,533
Alternative Uses
Best Use
Specialty Retail
$377.4K
$330.2K – $440.3K
NOI $26,418 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$411.6K
$360.1K – $480.2K
NOI $28,810 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 44%
Hotels & Casinos 2%
RaceTrac
Shops & Services
31,535 visits/mo
0.3 miles
McDonald's
Dining
13,419 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
8,697 visits/mo
0.2 miles
Family Dollar
Shops & Services
7,826 visits/mo
0.2 miles
Wendy's
Dining
6,784 visits/mo
0.1 miles
Demographics for 70094, LA
30,638
Population
13,683
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
79%
High-School Grad
36.2 sq mi
ZIP Area
846
Density / Sq Mi
$52,657
Median Household Income
$36,079
Median Earnings
$1,172
Median Rent
$154,600
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?
Drive through restaurant - Chicken & Sides location with an absolute NNN lease, MUCD zoning, and direct US Highway 90 access.
Where is this drive through restaurant located?
The property is located at 3026 HWY 90 Westwego, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,560‑square‑foot drive‑through restaurant property; Operating as a Chicken & Sides location; Absolute NNN lease structure
