6240 Lapalco BlvdMarrero, LA 70072

Property Details for 6240 Lapalco Blvd

Year built

1982

Lot size

0.52 AC

Property size (Sq ft)

1,703 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fee-simple ownership of a 1,703 square foot quick-service restaurant in Marrero, Louisiana. Located at 6240 Lapalco Blvd, this property boasts a prime location and is currently 100% occupied by a New Orleans Original Daquiris under a 20-year triple-net (NNN) lease, commencing July 1, 2024, and expiring June 30, 2044. With approximately 19.6 years remaining, this lease offers significant long-term stability and passive income. The current annual net operating income (NOI) is $83,959, representing a 7.00% cap rate based on the asking price of $1,199,414. The lease includes a corporate guarantee, mitigating tenant risk. The property sits on a 0.52-acre lot and was built in 1982. The lease features a flat rent until July 2030, followed by annual increases of 3.00%, providing a hedge against inflation. This is a truly passive investment with zero landlord responsibilities, making it an ideal addition to any portfolio. The price per square foot is $704.29. This is a rare opportunity to acquire a well-established, high-performing restaurant property with a long-term lease and significant upside potential.

Location Insight

City

Marrero

County

Jefferson Parish

State

Louisiana

Latitude

29.8758

Longitude

-90.1144

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