3112 Cypress St | West Monroe, LA 71291
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3112 Cypress St
West Monroe, LA 71291
FREDDY'S FROZEN CUSTARD - WEST MONROE, LA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years!
- They Currently Own/Operate Three Walk-On’s Locations and Have a Development Agreement to Open 9 Freddy’s Locations
- Positioned on a Large ±1.03-Acre Lot with Excellent Visibility/Access on Cypress St, where Traffic Counts Exceed 21,178 CPD!
- Brandon & Rachel Thompson are Experienced Operators with Over 15 Years in the Restaurant Space.
- Estimated ±$1,300,000 Interior/Exterior Renovation of Current Building - Slated to Open March 2023 (Est.)
- Total Population (5-MI): 82,963 | Average Household Income (3-MI): $58,855
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,227 SF
Building Class
B
Year Built/Renovated
2013/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.03 AC
Zoning
C
Parking
32 Spaces (9.92 Spaces per 1,000 SF Leased)
Frontage
137’ on Cypress Street
AMENITIES
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 13876 | Improvements Assessment | $78,161 |
| Land Assessment | $23,656 | Total Assessment | $101,817 |
PROPERTY TAXES
Parcel Number
13876
Land Assessment
$23,656
Improvements Assessment
$78,161
Total Assessment
$101,817
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