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218 South Dr 2,413 SF Retail Building Natchitoches, LA 71457 $2,488,826 CAD ($1,031.42 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Strong EBITDAR Coverage
- High Traffic Counts And Primary Corridor Frontage
- Nearby Schools And Education-Based Demand Drivers
- Surrounded By National And Regional Retail Anchors
Executive Summary
Surmount is pleased to present the exclusive listing for a Popeyes located at 218 South Drive, Natchitoches, LA 71457. The site consists of roughly 2,413 rentable square feet of building space on an estimated .63-acre parcel of land. Popeyes is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $123,480 and has scheduled increases of 2.00 % Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,413 SF
Building Class
C
Year Built
2025
Price
$2,488,826 CAD
Price Per SF
$1,031.42 CAD
Cap Rate
6.75%
NOI
$167,996 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.63 AC
Zoning
CH - STORES & COMMERCIAL BUILDING
Frontage
396’ on South Drive
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0011204250 | Improvements Assessment | $60,963 CAD |
| Land Assessment | $42,595 CAD | Total Assessment | $103,558 CAD |
Property Taxes
Parcel Number
0011204250
Land Assessment
$42,595 CAD
Improvements Assessment
$60,963 CAD
Total Assessment
$103,558 CAD
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218 South Dr
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