708 S Constitution Ave - Restaurant FOR SALE


Oak Grove, LA 71263
$1,145,933 USD
972-755-5208
708 S Constitution Ave, Oak Grove, LA for Sale
$1,145,933 USD
Restaurant - FOR SALE
1/2
null | 6.03% Cap Rate

Mar '26


708 S Constitution Ave
Oak Grove, LA 71263


HIGHLIGHTS

  • 5.9 Years Remaining on Lease with 10% Rent Increases Every 5 Years
  • Walmart Supercenter Shadow Anchored (1.1 Million Visits Annually)
  • 100% Occupied with Minimal Landlord Responsibilities
  • 7,545 VPD Directly in front of the Subject Property

OVERVIEW

Marcus & Millichap is pleased to offer for sale the McDonald's and Prestigious Nails located at 708 Constitution Avenue in Oak Grove, Louisiana. This 3,800-square-foot property offers stable, long-term income from a corporate McDonald’s and value-add potential through its second tenant, Prestigious Nails. The nail salon currently operates on a year-to-year lease at a below-market rate of $8 per square foot, presenting a compelling opportunity for an investor to restructure the lease into a NNN format. The McDonald’s lease is fee simple, with approximately 5.9 years remaining on the primary term. Beginning in August 2030, the lease includes 10 successive five-year renewal options, each featuring a 10 percent rent increase.

FOR SALE DETAILS

PRICE

$1,145,933 USD

PRICE/SF

$294 USD /SF

CAP RATE

6.03%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Convenience Store, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

-

APN/PARCEL ID

410428891

ASK ABOUT THIS PROPERTY

Sam NoeMarcus & MillichapMore Info
972-755-5208

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Sam NoeMarcus & MillichapMore Info
972-755-5208

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