6240 Lapalco Blvd Marrero, LA 70072
- Retail properties
- 1,703 SF
- 0.52 lot acres
Current Use by Public Records
- New Orleans Original Daiquiris Marrero / Cocktail Bar / Bar
Property Details for 6240 Lapalco Blvd
- Year built
- 1982
- Lot size
- 0.52 lot acres
- Property size
- 1,703 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple ownership of a 1,703 square foot quick-service restaurant in Marrero, Louisiana. Located at 6240 Lapalco Blvd, this property boasts a prime location and is currently 100% occupied by a New Orleans Original Daquiris under a 20-year triple-net (NNN) lease, commencing July 1, 2024, and expiring June 30, 2044. With approximately 19.6 years remaining, this lease offers significant long-term stability and passive income. The current annual net operating income (NOI) is $83,959, representing a 7.00% cap rate based on the asking price of $1,199,414. The lease includes a corporate guarantee, mitigating tenant risk. The property sits on a 0.52-acre lot and was built in 1982. The lease features a flat rent until July 2030, followed by annual increases of 3.00%, providing a hedge against inflation. This is a truly passive investment with zero landlord responsibilities, making it an ideal addition to any portfolio. The price per square foot is $704.29. This is a rare opportunity to acquire a well-established, high-performing restaurant property with a long-term lease and significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marrero
- County
- Jefferson Parish
- State
- Louisiana
- Longitude
- -90.1144
- Latitude
- 29.8758
