301 Constitution Dr | West Monroe, LA 71292
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- LoopNet Team
301 Constitution Dr
West Monroe, LA 71292
Retail Property For Sale
Investment Highlights
- No Landlord Responsibilities -- Absolute Net Lease with 7.5 Years Remaining
- Excellent Credit Tenant - Brinker (NYSE: EAT)
- Proven Location....Tenant recently (2 years ago) opted to exercise a 10 year renewal rather than than the regular 5 year option
- Strong Demographics and Trade Area (Mixed Retail/Hospitality) (Adjacent to Buffalo Wild Wings, Outback Steakhouse, Cracker Barrell & Harbor Freight)
- (4) additional 5 year lease renewal options at 1.5% annual rent increases
- Asking $2,325,000 (6.06% CAP RATE) at closing NOI = $139,750
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,744 SF
Building Class
C
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.68 AC
Zoning
Commercial
Parking
110 Spaces (19.15 Spaces per 1,000 SF Leased)
Frontage
170’ on Constitution Drive
Property Taxes
| Parcel Number | 103662 | Improvements Assessment | $87,510 |
| Land Assessment | $45,249 | Total Assessment | $132,759 |
Property Taxes
Parcel Number
103662
Land Assessment
$45,249
Improvements Assessment
$87,510
Total Assessment
$132,759
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