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Vacant IHOP Restaurant 202 Blanchard St 4,450 SF Retail Building West Monroe, LA 71291 For Sale
Investment Highlights
- Opportunity to acquire a fully built restaurant at a price below the current cost to construct one.
- A significant amount of retail is found just off the Highway 20 running through Monroe, LA.
- The subject property is outparceled to a Office Depot and Hobby Lobby shopping center/
- Great opportunity for a restaurant operator, national casual dining brand, or alternative commercial use.
- The property is located on a large ±1.66-acre lot.
- The subject property is in a dense part of West Monroe with a population of over 78,000 people in the five-mile radius.
Executive Summary
Donnie Jarreau
License # BROK.32688-ACT, BROK.995704351-CORP
Matthews Real Estate Investment Services, Inc
16161 Perkins Road, Baton Rouge, LA 70810
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Since 1958, IHOP® has been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. And no matter what menu items they order, there’s one ingredient that’s always constant — a smile. They've seen millions of smiles over the years in their restaurants, and now shared in photos across their social properties. In fact, smiles are so much a part of their culture that they changed their logo to include one. This is just one of the many fun and exciting changes customers can expect from IHOP®. Because they know the shortest distance between two people is a smile. For more than 63 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers numerous different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 111991 | Improvements Assessment | $126,725 |
| Land Assessment | $37,890 | Total Assessment | $164,615 |
Property Taxes
Contacts
-
Nathan Fitzgibbons -
Cade Norland -
Keegan Mulcahy -
Matthews Real Estate Investment Services
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Vacant IHOP Restaurant | 202 Blanchard St
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