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Rally's Hamburgers 1159 Grand Caillou Rd 1,500 SF Retail Building Houma, LA 70363 $1,171,300 CAD ($780.87 CAD/SF) 7.82% Cap Rate
Executive Summary
New 15-Year Absolute NNN Lease commencing at the close of escrow
Experienced Multi-Unit Operator – Lease guaranteed by RCR Foods LLC (3-units)
2023 Build – Tenant fully rebuilt the restaurant to Rally’s new prototype model
High-Visibility Corner Location with 22,800 VPD on Grand Caillou Road
Built-In Rental Growth – 5% rent increases every five years
Strong Unit Performance – Sales consistent with Rally’s system-wide average
Rent-to-Sales: terms reflects a stable ~7.0% rent-to-sales ratio
Strong Demographics – More than 56,900 residents within a five-mile radius
Experienced Multi-Unit Operator – Lease guaranteed by RCR Foods LLC (3-units)
2023 Build – Tenant fully rebuilt the restaurant to Rally’s new prototype model
High-Visibility Corner Location with 22,800 VPD on Grand Caillou Road
Built-In Rental Growth – 5% rent increases every five years
Strong Unit Performance – Sales consistent with Rally’s system-wide average
Rent-to-Sales: terms reflects a stable ~7.0% rent-to-sales ratio
Strong Demographics – More than 56,900 residents within a five-mile radius
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,500 SF
Building Class
C
Year Built
2023
Price
$1,171,300 CAD
Price Per SF
$780.87 CAD
Cap Rate
7.82%
NOI
$91,626 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.48 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20804 | Improvements Assessment | $18,644 CAD |
| Land Assessment | $16,853 CAD | Total Assessment | $35,497 CAD |
Property Taxes
Parcel Number
20804
Land Assessment
$16,853 CAD
Improvements Assessment
$18,644 CAD
Total Assessment
$35,497 CAD
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Rally's Hamburgers | 1159 Grand Caillou Rd
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