This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1700 Ruth St
Sulphur, LA 70663
Casa Olé · Retail Property For Sale
PROPERTY FACTS
ABOUT 1700 RUTH ST , SULPHUR, LA 70663
Single-Tenant Corporate Casa Olé Restaurant Recently Extended Long-Term Lease: Tenant recently agreed to extend the lease early without any rental reduction providing for 11 years of lease term; Over $2,350,000 in rent to be collected over remaining 11 years Strong Lease Guarantee: Williston Holdings Company operates and franchises 57 restaurants in Texas, North Dakota, Minnesota, Oklahoma, Louisiana, and Arizona; in business for over 55 years Strong Performing Proven Location: Single digit rent-to-sales ratio and 22-year track record of success Seller Financing Available: Providing an investor with an 8.39% cash-on-cash return over the five year hold period Annual Rental Increases: 1.5% annual rental increases offer a hedge against inflation Absolute NNN Lease: No landlord responsibilities offering passive income
PROPERTY TAXES
| Parcel Number | 01331428 | Improvements Assessment | $57,870 |
| Land Assessment | $36,300 | Total Assessment | $94,170 |
PROPERTY TAXES
