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Property profile & analytics
FOR LEASE
Drive through restaurants

1400 N Martin Luther King Hwy Lake Charles, LA 70601

Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US36-1664714
No photos on file
For Lease
Contact for pricing 2,150 SF available
1400 N Martin Luther King Hwy, Lake Charles, LA 70601
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Property summary
AI-generated overview

This exceptional sublease opportunity presents a 2,150-square-foot freestanding restaurant building situated on a 0.46-acre parcel in Lake Charles, Louisiana. The property is ideally located on Highway 171 (Martin Luther King Highway), a major north-south thoroughfare boasting 27,127 cars per day in 2023, and is conveniently located just half a mile from the I-10 interchange (63,240 cars per day in 2023). Lake Charles's thriving economy, driven by petrochemical, manufacturing, and healthcare industries, makes this a prime location for a successful business. The building is a single-story structure with no elevators. The current lease extends until July 31, 2034, with options available, providing long-term stability. This property offers significant potential for a variety of restaurant concepts, benefiting from its high visibility and convenient access to major transportation routes. The property is located in Calcasieu Parish, Louisiana, with the full address being 1400 N Martin Luther King Hwy, Lake Charles, LA 70601. This is a single-tenant retail space.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
APN 00381268A
UPID US36-1664714
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Plaza Street Fund 33 LLC · 7 yrs held
Plaza Street Fund 33 LLC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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