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1504 Ruth St 1,892 SF Retail Building Sulphur, LA 70663 $1,384,542 CAD ($731.79 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 8% Cap Rate
- Bordered by I-10 and US Hwy-90 w/ ±20,706 vehicles daily
- Leased restaurant investment with remaining lease term in place
- Proximity to residential areas with high foot-traffic
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,892 SF
Building Class
C
Year Built
2024
Price
$1,384,542 CAD
Price Per SF
$731.79 CAD
Cap Rate
8%
NOI
$110,763 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.80 AC
AMENITIES
- Restaurant
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $50,827 CAD | |
| Land Assessment | $8,998 CAD | Total Assessment | $59,825 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$8,998 CAD
Improvements Assessment
$50,827 CAD
Total Assessment
$59,825 CAD
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1504 Ruth St
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