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7305 Highway 182 E
Morgan City, LA 70380
Wendy's · Retail Property For Sale
Investment Highlights
- Zero Landlord Responsibilities
- High Performing Site w/ Strong Rent-to-Sales
- 10+ Years Operating History
- Recent Renovation
- Long-Term Lease w/ Built-In Rent Increases
- Strategic Positioning in a Heavily Trafficked Retail Corridor
Executive Summary
Northmarq, as exclusive agent, is proud to offer for sale to qualified investors the opportunity to acquire 7305 Highway 182 East, a 3,073 SF single-tenant fee simple interest located in Morgan City, LA. The property is occupied by a Wendy's Franchisee with over 29 years of experience who has successfully operated at this location since 2010. The site was updated to the new Wendy's store styling in 2023, demonstrating the tenant's commitment to the site.
Located in a major retail corridor off of Highway 182 East, the property benefits from consistent traffic and visibility to over 33K vehicles per day. The absolute NNN lease creates an ideal passive investment opportunity, requiring minimal involvement from the landlord. Wendy's has an annual rent of $105,000, which is under a personal guarantee by the franchisee through the remaining ±13 years of firm lease term.
Morgan City’s economy is driven by the energy, marine, and industrial sectors, which provide a strong foundation for employment and business activity. Major employers include large oil and gas companies like Chevron, Shell, and McDermott. This concentration of energy and marine industries creates a stable economic base and consistent demand for retail and service businesses in the region.
Located in a major retail corridor off of Highway 182 East, the property benefits from consistent traffic and visibility to over 33K vehicles per day. The absolute NNN lease creates an ideal passive investment opportunity, requiring minimal involvement from the landlord. Wendy's has an annual rent of $105,000, which is under a personal guarantee by the franchisee through the remaining ±13 years of firm lease term.
Morgan City’s economy is driven by the energy, marine, and industrial sectors, which provide a strong foundation for employment and business activity. Major employers include large oil and gas companies like Chevron, Shell, and McDermott. This concentration of energy and marine industries creates a stable economic base and consistent demand for retail and service businesses in the region.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,037 SF
Building Class
C
Year Built
2010
Price
$1,615,000
Price Per SF
$531.77
Cap Rate
6.50%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.89 AC
Property Taxes
| Parcel Numbers | Improvements Assessment | $56,390 | |
| Land Assessment | $30,000 | Total Assessment | $86,390 |
Property Taxes
Parcel Numbers
Land Assessment
$30,000
Improvements Assessment
$56,390
Total Assessment
$86,390
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