Current Use by Public Records
- Retail properties & Spaces
Property Details for 12411 Us-90
- Year built
- 1994
- Lot size
- 1.18 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,277 square foot New Orleans Original Daiquiris quick-service restaurant located at 12411 US-90, Luling, LA 70070. The property sits on a 1.18-acre lot and boasts a brand new 20-year triple-net (NNN) lease, commencing July 1, 2024, with approximately 19.6 years remaining. The lease includes four, five-year renewal options, providing long-term stability and predictable cash flow. The current annual net operating income (NOI) is $84,219, representing a 7.00% cap rate on the $1,203,129 asking price. The lease features a corporate guarantee, mitigating tenant risk. Rent remains flat until July 2030, then increases by 3% annually, offering inflation protection. The building was constructed in 1994 and enjoys 100% occupancy. This is a truly passive investment with zero landlord responsibilities, making it an ideal addition to any portfolio. The property's location in Luling, Louisiana, within St. Charles Parish, provides excellent visibility and accessibility. The price per square foot is $528.38.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Luling
- County
- St. Charles Parish
- State
- Louisiana
- Longitude
- -90.3533
- Latitude
- 29.9105
