1110 Cooktown Rd Ruston, LA 71270-3116

Property Details for 1110 Cooktown Rd

Lot size

0.44 lot acres

Property type

Commercial land

APN

7026

APU

7026

Description

This exceptional investment opportunity presents the chance to acquire the leased fee interest (land ownership) in a 510 square foot 7 Brew location in Ruston, Louisiana. The property boasts a brand-new 15-year absolute NNN ground lease, commencing August 31, 2024, and expiring August 31, 2039, with three 5-year renewal options. The lease includes 10% rental increases every five years, providing built-in protection against inflation and steadily growing net operating income (NOI) currently at $85,000. The property, built in 2024, sits on a 0.79-acre lot zoned B-4 Highway Business, offering excellent visibility and accessibility. Its prime location at the hard corner of Cooktown Road and Gains Avenue benefits from high traffic volume, with Cooktown Road seeing 20,000 vehicles per day and direct access to Interstate 20 (59,200 VPD). The property's proximity to Louisiana Tech University (8,700+ students) and Ruston High School (1,300+ students), along with its adjacency to the Shoppes at Tech Drive and a major shopping center anchored by Hobby Lobby, ensures consistent customer traffic. The surrounding area features numerous national retailers, creating a strong retail synergy. The 5-mile trade area boasts a population exceeding 34,500 with an average household income of $59,704. The asking price is $1,417,000, representing a 6.00% cap rate and a price per square foot of $2,778.43. This is a truly passive, management-free investment opportunity with significant long-term growth potential.