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Popeyes 218 South Dr 2,413 SF Retail Building Natchitoches, LA 71457 $1,829,333 ($758.12/SF) 6.75% Cap Rate
Investment Highlights
- Strong EBITDAR Coverage
- High Traffic Counts And Primary Corridor Frontage
- Nearby Schools And Education-Based Demand Drivers
- Surrounded By National And Regional Retail Anchors
Executive Summary
Surmount is pleased to present the exclusive listing for a Popeyes located at 218 South Drive, Natchitoches, LA 71457. The site consists of roughly 2,413 rentable square feet of building space on an estimated .63-acre parcel of land. Popeyes is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $123,480 and has scheduled increases of 2.00 % Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,413 SF
Building Class
C
Year Built
2025
Price
$1,829,333
Price Per SF
$758.12
Cap Rate
6.75%
NOI
$123,480
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.63 AC
Zoning
CH - STORES & COMMERCIAL BUILDING
Frontage
396’ on South Drive
Nearby Major Retailers
Property Taxes
| Parcel Number | 0011204250 | Improvements Assessment | $44,640 |
| Land Assessment | $31,190 | Total Assessment | $75,830 |
Property Taxes
Parcel Number
0011204250
Land Assessment
$31,190
Improvements Assessment
$44,640
Total Assessment
$75,830
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Popeyes | 218 South Dr
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