1700 Ruth StSulphur, LA 70663

Property Details for 1700 Ruth St

Lot size

0.99 AC

Property type

Turn key restaurants

APN

1331428

APU

1331428

Description

This exceptional investment opportunity presents a fee-simple, absolute NNN leased Casa Ole restaurant located at 1700 Ruth St, Sulphur, LA 70663, within the Lake Charles MSA. The 4,576 square foot building, constructed in 2004, sits on a substantial 2.44-acre lot, offering significant upside potential. Currently operating at 100% occupancy, the lease with Casa Ole commenced January 7, 2004, and extends until January 31, 2030, with 5.1 years remaining and 10 five-year renewal options. The lease includes annual rent bumps of 1.5%, mitigating inflation risks. The property boasts a strong NOI of $196,147, resulting in a 6.75% cap rate and a price per square foot of $635.03. The asking price is $2,905,881. The tenant, Casa Ole, is part of MRI Heritage Brands, Inc., a well-established restaurant group with over 150 years of combined operating history and 30+ locations across four states. The property benefits from its high-traffic location on Ruth Street (19,000 AADT), ample parking, and proximity to major transportation arteries including I-10 and Highway 90, as well as the Port of Lake Charles. The large lot size provides significant flexibility for future development or expansion. This is a rare opportunity to acquire a well-established, low-maintenance, high-return investment in a thriving market. All property maintenance and upkeep responsibilities fall solely on the tenant. The lease is guaranteed by Mexican Restaurants, Inc.

• CAP approach

  CAP return

  Valuation

  6%

  $17,338,700

  6.5%

  $16,004,953

  7%

  $14,861,742

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,422,740

  Geo Method

  $32,371,736

• Alternative Use

  Use

  Valuation

  Residential

  $13,500,777

  Hospitality

  $12,366,639

  Educational

  $10,288,898

  Medical

  $10,642,749

  Retail

  $16,004,953

Location Insight

City

Sulphur

County

Calcasieu

State

Louisiana

Latitude

30.2237

Longitude

-93.3753

CBSA code

29340

CBSA name

LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].