1110 Cooktown Rd - Fast Food FOR SALE


Ruston, LA 71270
$1,259,000 USD
480-221-4221
1110 Cooktown Rd, Ruston, LA for Sale
$1,259,000 USD
Fast Food - FOR SALE
1/5
null | 6.75% Cap Rate

1110 Cooktown Rd
Ruston, LA 71270


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | Options To Extend | September 2024 Anticipated Opening
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities | Strong Franchisee
  • Access to I-20 (59,200 VPD) | Excellent Visibility | Proximity to Louisiana Tech University | National Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased, 7 Brew investment property located in Ruston, Louisiana. The tenant recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The franchisee, Brew Crew, successfully operates over 30 locations, with the rights to another 100+ locations. The group was awarded Franchisee of the Year in 2023, with a system-best AUV of $2.4 million.

FOR SALE DETAILS

PRICE

$1,259,000 USD

PRICE/SF

$2,469 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Brew | New 15yr Abs NNN | Opening Sept 2024

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

B-4

APN/PARCEL ID

7025

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.