64107 La-41Pearl River, LA 70452
- Retail properties
- 1,703 SF
Property Details for 64107 La-41
- Year built
- 2019
- Lot size
- 0.89 AC
- Property size (Sq ft)
- 1,703 SF
- Property type
- Retail properties
Description
This 1,703 square foot Sonic Drive-In, built in 2019, is located on 0.89 acres at 64107 LA-41 in Pearl River, Louisiana, within the New Orleans MSA. The property boasts a 15.1-year remaining lease term (expiring 12/29/2039) with an absolute NNN structure, meaning the tenant is responsible for all property taxes, insurance, and maintenance. This significantly reduces landlord responsibilities and provides a stable income stream. The property's NOI is $97,433, resulting in a 6.50% cap rate. The asking price is $1,499,000. The site benefits from high visibility and accessibility due to its location along Louisiana Highway 41, which merges with US Highway 11, with Interstate 59 less than a mile away. This high-traffic area ensures significant exposure for the business. The single-tenant building is 100% occupied by the established Sonic Drive-In brand, offering a strong tenant profile and long-term income stability. The lease includes four consecutive five-year renewal options, further securing the investment. This fee-simple ownership opportunity presents a compelling investment in a prime location with a proven, stable tenant.
Location Insight
- City
- Pearl River
- County
- St. Tammany Parish
- State
- Louisiana
- Latitude
- 30.3605
- Longitude
- -89.7516
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