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    64107 La-41 Pearl River, LA 70452

    For Sale
    $1,499,000

    High-traffic location, strong tenant, long lease.

    Property size:
    1,703 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 1,703 square foot Sonic Drive-In, built in 2019, is located on 0.89 acres at 64107 LA-41 in Pearl River, Louisiana, within the New Orleans MSA. The property boasts a 15.1-year remaining lease term (expiring 12/29/2039) with an absolute NNN structure, meaning the tenant is responsible for all property taxes, insurance, and maintenance. This significantly reduces landlord responsibilities and provides a stable income stream. The property's NOI is $97,433, resulting in a 6.50% cap rate. The asking price is $1,499,000. The site benefits from high visibility and accessibility due to its location along Louisiana Highway 41, which merges with US Highway 11, with Interstate 59 less than a mile away. This high-traffic area ensures significant exposure for the business. The single-tenant building is 100% occupied by the established Sonic Drive-In brand, offering a strong tenant profile and long-term income stability. The lease includes four consecutive five-year renewal options, further securing the investment. This fee-simple ownership opportunity presents a compelling investment in a prime location with a proven, stable tenant.

    Property Features for 64107 La-41

    General Information

    Property type
    Restaurants
    Square Feet
    1,703 SF
    Lot Size
    38,768 SF

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Prime New Orleans MSA location with high visibility and major highway access.
    • Triple‑net lease (NNN) provides a stable, predictable income stream with no landlord responsibilities.
    • Strong, established fast‑food tenant with a proven track record and long‑term commitment.
    • Competitive rental rates with escalations and a long‑term lease with renewal options.
    • Triple‑net lease minimizes risk and capital expenditures; property is well‑maintained.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pearl River
    County
    St. Tammany Parish
    State
    Louisiana
    Longitude
    -89.75163536
    Latitude
    30.36052392

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    FAQs

    What type of property is this?
    Restaurant - High-traffic location, strong tenant, long lease.
    Where is this restaurant located?
    The property is located at 64107 La-41 Pearl River, LA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: Prime New Orleans MSA location with high visibility and major highway access.; Triple-net lease (NNN) provides a stable, predictable income stream with no landlord responsibilities.; Strong, established fast-food tenant with a proven track record and long-term commitment.
    Request Owner's contact information
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    Pearl River, LA 70452
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    64107 La-41 Pearl River, LA 70452
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