Free-Standing QSR with
618 North Alexander Avenue Port Allen, LA 70767
618 North Alexander Avenue, Port Allen, LA, 70767
Contact for pricing
For Sale
Contact for pricing
NNN retail property featuring a drive-through and hard-corner presence on Highway 1.
Property Size1,500 SF
Price / SF$396.67
Days on Market56
Property Features for 618 North Alexander Avenue
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Retail
Listing agency
Beau Box Commercial Real Estate
Listed by
Beau Box, SIOR · License #BROK.72286.A-ACT
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 12:37PM
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $22.44 |
| − Vacancy | −$131 | −$0.09 |
| EGI | $33.5k | $22.35 |
| − OpEx | −$10.1k | −$6.71 |
| NOI | $23.5k | $15.65 |
1,500 SF · lease $22.44/SF/yr · vacancy 0.39% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Church's Texas Chicken
Restaurant
Similar For Sale Nearby
FAQs
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 North Alexander Avenue 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
