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412 Washington Ave 3,404 SF Retail Building Mansfield, LA 71052 $1,683,380 CAD ($494.53 CAD/SF) 6.35% Cap Rate
Investment Highlights
- Institutional, Healthcare, and School-Based Demand
- Dense Retail and Service Corridor
- Supportive Demographics for Value-Oriented QSR
- Strong Traffic Counts and Frontage
Executive Summary
Surmount is pleased to present the exclusive listing for a Popeyes located at 412 Washington Avenue, Mansfield, LA 71052. The site consists of roughly 3,404 rentable square feet of building space on an estimated 1.89-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 $75,600 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,404 SF
Building Class
C
Year Built
2025
Price
$1,683,380 CAD
Price Per SF
$494.53 CAD
Cap Rate
6.35%
NOI
$106,895 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.89 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0400450805 | Improvements Assessment | $65,003 CAD |
| Land Assessment | $20,854 CAD | Total Assessment | $85,858 CAD |
Property Taxes
Parcel Number
0400450805
Land Assessment
$20,854 CAD
Improvements Assessment
$65,003 CAD
Total Assessment
$85,858 CAD
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412 Washington Ave
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