Listing Agency: Hollier Real Estate

Listed By: Gary Hollier · License #0000033818 Show Phone

Source: Smithsquared

Added: Jul 18 Changed: Oct 6 Last Checked: Oct 20 at 10:31PM

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Investment Insights

Based on property information with market context.

This property includes a retail building that was formerly used as a restaurant and a car wash. The restaurant portion features a drive-through with two service windows, a dining area, a bathroom, and a kitchen equipped with two large walk-in freezers. Also included are kitchen equipment, an office, and an ice machine.

The asset is located at 8337 Airline Hwy in Livonia, LA, and is being offered as a for-sale business opportunity.

The restaurant layout provides both front-of-house dining space and a back-of-house kitchen with walk-in refrigeration, supported by office space and included foodservice equipment.

Key Highlights

• Retail building formerly used as a restaurant and a car wash on Airline Highway in Livonia
• Restaurant includes a two‑window drive‑through
• Dining area, bathroom, office, and kitchen included in the restaurant layout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,478

Cap Rate

4.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$609,560 $609.6K

Cap Rate 7%

$435,400 $435.4K

Cap Rate 9%

$338,644 $338.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,818 SF

Gross rent

$40.8K $22.44/SF

− Vacancy

−$159 −$0.09/SF

EGI

$40.6K $22.35/SF

− OpEx

−$10.2K −$5.59/SF

NOI

$30.5K $16.76/SF

Area

Pointe Coupee County, LA

Vacancy

0.39%

Lease Rate

$22.44 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$609,560

Cap Rate 7%

$435,400

Cap Rate 9%

$338,644

Alternative Uses

Best Use

Specialty Retail

$435.4K

$381.0K – $508.0K (±1% cap)

NOI $30,478 @ 7.0% cap · market cap 4.36%

Second Best

Retail

$406.4K

$355.6K – $474.1K (±1% cap)

NOI $28,446 @ 7.0% cap · market cap 4.07%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

The Claw Wash Car Wash The Boiling Branch Restaurant

Suggested Use

Top Pick Building Supply Storage Facility Bakery Grocery & Convenience Store Parking Lot & Garage (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

94

Businesses Nearby

812

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Hotels & Casinos 100%

Travelodge by Wyndham Livonia Hotels & Casinos

812 visits/mo 0.1 miles

Demographics for 70755, LA

1,715

Population

675

Households

2.5

Avg Household Size

44

Median Age

16%

College-Educated

81%

High-School Grad

22.0 sq mi

ZIP Area

78

Density / Sq Mi

$60,924

Median Household Income

$47,147

Median Earnings

$641

Median Rent

$197,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Restaurant building with a two-window drive-through and attached kitchen equipment, plus a car wash component.

Where is this drive through restaurant located?

The property is located at 8337 Airline Hwy Livonia, LA.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: Retail building formerly used as a restaurant and a car wash on Airline Highway in Livonia; Restaurant includes a two‑window drive‑through; Dining area, bathroom, office, and kitchen included in the restaurant layout