5306 University Pkwy Natchitoches, LA 71457

Property Details for 5306 University Pkwy

Lot size

1.00 lot acres

Property type

Commercial real estate

APN

0011471850A

APU

0011471850A

Description

This exceptional investment opportunity presents a fully remodeled Huddle House restaurant in Natchitoches, Louisiana. The 2,000-square-foot building sits on a 0.568-acre lot at 5306 University Parkway, enjoying a prime location along a highway with over 8,000 vehicles per day and directly off Interstate 49 (12,000+ vehicles daily). The property benefits from its proximity to a 74-room Hampton Inn and other national hotel brands. Built in 2003 and extensively renovated in 2023, this single-tenant property boasts a brand-new roof, new HVAC systems, and significant facade and signage upgrades. The current tenant, Over Easy Management, Inc., the largest Huddle House franchisee with over 24 units, signed a new 15-year triple-net (NNN) lease commencing September 30, 2023, and expiring September 29, 2038. The lease includes three five-year renewal options. The asking price is $550,500, representing a $275.25 per square foot cost and a 6.00% cap rate, with a current NOI of $33,032. The property's location in Natchitoches, Louisiana, near Northwestern State University, ensures a consistent customer base. This fee-simple offering is ideal for a 1031 exchange. The property's APN is 0011471850A.