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Burger King 206 E 1st St 3,250 SF Retail Building Thibodaux, LA 70301 $2,800,000 ($861.54/SF) 5.89% Cap Rate
Executive Summary
Prime Location in Thibodaux, LA / One Block from Canal Blvd. and right down the street from Nicholls University / This location is one of the highest producing Burger King's in the country / Recent complete renovation with the addition of a second drive up lane / New long term lease in place with a large established operator / Owner, Agent
MOTIVATED SELLER / BRING ALL OFFERS
MOTIVATED SELLER / BRING ALL OFFERS
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,250 SF
Building Class
B
Year Built
2022
Price
$2,800,000
Price Per SF
$861.54
Cap Rate
5.89%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.81 AC
Parking
36 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
167’ on East 1st Street
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- GPS Hospitality
- Accommodation and Food Services
- -
- -
- Triple Net
- Dec 2040
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| GPS Hospitality | Accommodation and Food Services | - | - | Triple Net | Dec 2040 |
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0020475300 | Improvements Assessment | $39,600 |
| Land Assessment | $4,000 | Total Assessment | $43,600 |
Property Taxes
Parcel Number
0020475300
Land Assessment
$4,000
Improvements Assessment
$39,600
Total Assessment
$43,600
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Presented by
Red Door Realty
Burger King | 206 E 1st St
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