For Sale
$550,500

5306 University PkwyNatchitoches, LA 71457

Profitable QSR, 15-year lease, remodeled.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully remodeled Huddle House restaurant in Natchitoches, Louisiana. The 2,000-square-foot building sits on a 0.568-acre lot at 5306 University Parkway, enjoying a prime location along a highway with over 8,000 vehicles per day and directly off Interstate 49 (12,000+ vehicles daily). The property benefits from its proximity to a 74-room Hampton Inn and other national hotel brands. Built in 2003 and extensively renovated in 2023, this single-tenant property boasts a brand-new roof, new HVAC systems, and significant facade and signage upgrades. The current tenant, Over Easy Management, Inc., the largest Huddle House franchisee with over 24 units, signed a new 15-year triple-net (NNN) lease commencing September 30, 2023, and expiring September 29, 2038. The lease includes three five-year renewal options. The asking price is $550,500, representing a $275.25 per square foot cost and a 6.00% cap rate, with a current NOI of $33,032. The property's location in Natchitoches, Louisiana, near Northwestern State University, ensures a consistent customer base. This fee-simple offering is ideal for a 1031 exchange. The property's APN is 0011471850A.

Highlights

  • 2,000 sq ft Huddle House restaurant in Natchitoches, LA.
  • Newly executed 15-year triple-net (NNN) lease.
  • 2023 remodel includes new roof, HVAC, and exterior upgrades.
  • Operated by Over Easy Management, Inc., the largest Huddle House franchisee (24+ units).
  • High-traffic location: Natchitoches Highway (8,000 VPD) and I-49 (12,000+ VPD), near Hampton Inn.
  • Strong brand recognition: Huddle House operates ~275 locations across 25 states.

Property Details for 5306 University Pkwy

Property type
Retail properties, Restaurants
Square Feet
2,000 SF
Year Built/Renovated
2003/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
24,742 SF
Units
1

Location Insight

City
Natchitoches
County
Natchitoches Parish
State
Louisiana
Latitude
31.72877
Longitude
-93.1585213
5306 University Pkwy, Natchitoches, Louisiana

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5306 University Pkwy
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