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 Market89
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
Listing Agency:
Beau Box Commercial Real Estate
(225) 931-3200
Listed By:
Beau Box, SIOR · License #BROK.72286.A-ACT
Source:
Beaubox
Added: Jun 1
Changed: Aug 26
Last Checked: Aug 26 at 5:23PM
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 Commercial Real Estate
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 = 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
$23,470
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
3.94%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
