NNN Leased Restaurant Investment with Excess Land

Investment Overview

Now for sale, 1504 Ruth St in Sulphur, LA offers a leased restaurant investment and excess land positioned advantageously located in between by I-10 and US Hwy-90 (both ±.07 miles away). The offering includes a ±2,105 SF freestanding retail building currently used as a restaurant with a built in drive-thru (Tate Cove Seafood II), while situated on a ±1.74-acre lot and zoned B (Business). The tenant benefits from a traffic count of ±20,706 vehicles per day, and is close to high foot-traffic areas such as Sulphur High School and its neighboring residential zones. Based on current income, the asset yields an 8% cap rate with remaining lease term in place. Parcels cannot be purchased separately.

Investment Highlights

• 8% Cap Rate
• Leased restaurant investment with remaining lease term in place
• Bordered by I-10 and US Hwy-90 w/ ±20,706 vehicles daily
• Proximity to residential areas with high foot-traffic