3205 Gerstner Memorial DrLake Charles, LA 70601

Property Details for 3205 Gerstner Memorial Dr

Lot size

1.10 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 7,313 sq ft Chili's restaurant in Lake Charles, LA, situated on a 1.1-acre lot at 3205 Gerstner Memorial Dr, 70601. Boasting a strong, creditworthy corporate tenant with a 20-year lease (expiring 09/15/2026, with 2 years remaining and option periods), this property offers a secure, passive income stream. The absolute NNN ground lease ensures 100% responsibility for property taxes, insurance, and maintenance rests with the tenant. The property benefits from a high-traffic location with direct access to I-210 (approx. 48,800 vehicles per day), proximity to McNeese State University and Chennault International Airport, and is part of a thriving retail corridor including national brands like Walmart, Home Depot, and others. The strong demographics (86,834 people within a 5-mile radius) and the nearby Golden Nugget Hotel & Casino further enhance the property's value and potential for consistent revenue generation. The current NOI is $91,000, representing a 6.40% cap rate on the asking price of $1,421,874. This is a rare opportunity to acquire a well-established, high-performing restaurant property with significant long-term growth potential.

Location Insight

City

Lake Charles

County

Calcasieu Parish

State

Louisiana

Latitude

30.1987

Longitude

-93.1795

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