Free-Standing QSR with
For Sale
$595,000
618 N Alexander Ave, Port Allen, LA 70767
NNN retail property featuring a drive-through and hard-corner presence on Highway 1.
Property Size1,500 SF
Price / SF$396.67
Days on Market135
Property Features for 618 N Alexander Ave
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Retail
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,500 SF
Listed By:
Beau Box, SIOR
(225) 931-3200
Source:
Beaubox
Added: Jun 1
Changed: Oct 7
Last Checked: Oct 12 at 5:35PM
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 Beau Box, SIOR
Investment Insights
Based on property information with market context.
This NNN for-sale property is a 1,500 SF, free-standing QSR building with a drive-through. The lease has 22 years remaining, with the base term expiring in January 2028. Current rent is $3,400 per month, with an annual 1.5% increase.
The site is located on Hwy 1 at a hard corner. The property is in Flood Zone X and is zoned Commercial.
For tenants, investors, or operators seeking a NNN-structured retail asset, the combination of a dedicated QSR format and drive-through service supports restaurant and similar food-service concepts. As a single, free-standing building, it offers a straightforward footprint for continued use under the existing lease terms through the base expiration date.
The site is located on Hwy 1 at a hard corner. The property is in Flood Zone X and is zoned Commercial.
For tenants, investors, or operators seeking a NNN-structured retail asset, the combination of a dedicated QSR format and drive-through service supports restaurant and similar food-service concepts. As a single, free-standing building, it offers a straightforward footprint for continued use under the existing lease terms through the base expiration date.
Key Highlights
- NNN retail QSR on a hard corner along Hwy 1 with drive‑through
- 1,500 SF free‑standing building
- 22 years remaining on NNN lease; base term expires January 2028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,470
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,400
$469.4K
Cap Rate 7%
$335,286
$335.3K
Cap Rate 9%
$260,778
$260.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$33.7K $22.44/SF
− Vacancy
−$131 −$0.09/SF
EGI
$33.5K $22.35/SF
− OpEx
−$10.1K −$6.71/SF
NOI
$23.5K $15.65/SF
Area
West Baton Rouge County, LA
Vacancy
0.39%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,400
Cap Rate 7%
$335,286
Cap Rate 9%
$260,778
Alternative Uses
Best Use
Retail
$335.3K
$293.4K – $391.2K
NOI $23,470 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$359.2K
$314.3K – $419.1K
NOI $25,147 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
Family Dollar
Shops & Services
6,314 visits/mo
0.1 miles
Church's Chicken
Dining
4,337 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
2,643 visits/mo
0.1 miles
Demographics for 70767, LA
15,309
Population
6,817
Households
2.2
Avg Household Size
40
Median Age
18%
College-Educated
85%
High-School Grad
152.6 sq mi
ZIP Area
100
Density / Sq Mi
$71,964
Median Household Income
$45,069
Median Earnings
$934
Median Rent
$197,100
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - NNN retail property featuring a drive-through and hard-corner presence on Highway 1.
Where is this retail space located?
The property is located at 618 N Alexander Ave Port Allen, LA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: NNN retail QSR on a hard corner along Hwy 1 with drive‑through; 1,500 SF free‑standing building; 22 years remaining on NNN lease; base term expires January 2028
