2057 Madison AveBastrop, LA 71220

This exceptional 3,759 square foot restaurant space, located at 2057 E Madison Ave in Bastrop, Louisiana (71220), presents a lucrative investment opportunity. Previously occupied by Taco Bandido, this Class A property boasts a fully renovated interior (2020) and is ready for immediate occupancy. The building features a spacious dining area, a large front counter, a fully equipped commercial kitchen, ample cooler space, and restrooms. The property also includes a convenient drive-thru and abundant parking (4 spaces per 1,000 sq ft) for customer convenience. Situated on a 1.69-acre lot zoned B3, this location offers excellent visibility and accessibility due to its position on a high-traffic main road, ensuring maximum business exposure. The asking price is $750,000, representing a price per square foot of $199.52. The property is vacant, with an occupancy date of November 18, 2024. A pro-forma NOI of $120,000 projects a 16.00% cap rate. This is a NNN lease type property, suitable for an owner/user. The sale is structured for a 1031 exchange. This is a single-story building in Morehouse Parish. Previous tenant credit included a franchisee and corporate guarantee.