Current Use by Public Records
- Retail properties & Spaces
Property Details for 781 Louisiana 30
- Year built
- 2024
- Lot size
- 1.50 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a newly constructed, 4,476 square foot Sonny's BBQ restaurant situated on a 1.5-acre lot in Gonzales, Louisiana. The property boasts a 15-year absolute NNN lease with a highly successful franchisee, featuring 1.5% annual rent escalations and five five-year renewal options, extending the potential lease term to 40 years. The current annual base rent is $225,000, yielding a 6.15% cap rate on the asking price of $3,658,536 ($817.37 per square foot). Located within the thriving Heritage Crossing development (775 residential units), this prime location benefits from its proximity to major retail drivers, including Tanger Outlets, an Amazon distribution facility, and Louisiana State University, as well as healthcare facilities and significant residential growth. The property is a full-service restaurant with a drive-thru, offering ample parking. This is a fee-simple ownership opportunity with zero landlord responsibilities, making it an ideal addition to any diversified investment portfolio. The building was constructed in 2024 and is zoned for commercial use. The tenant is a single, established franchisee with a proven track record. This is a rare chance to acquire a high-performing asset in a rapidly expanding market. The property's strong tenant, long-term lease, and prime location combine to create a compelling investment proposition.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gonzales
- County
- Ascension Parish
- State
- Louisiana
- Longitude
- -90.9278
- Latitude
- 30.2104
