5306 University Pkwy Natchitoches, LA 71457
Property profile & analytics
5306 University Pkwy, Natchitoches, LA 71457
- Commercial real estate
- 1.00 lot acres
Property ID
US36-1773335
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Huddle House / Restaurant
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Natchitoches
- County
- Natchitoches
- State
- Louisiana
- Longitude
- -93.1586
- Latitude
- 31.7287
- CBSA code
- 35060
- CBSA name
- NATCHITOCHES, LA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,284
$11,880
$47,590
$59,470
-
$118,800
$317,267
$436,067
