5306 University PkwyNatchitoches, LA 71457

Property Details for 5306 University Pkwy

Lot size

1.00 AC

Property type

Commercial real estate

APN

0011471850A

APU

0011471850A

Description

This exceptional investment opportunity presents a fully remodeled Huddle House restaurant in Natchitoches, Louisiana. The 2,000-square-foot building sits on a 0.568-acre lot at 5306 University Parkway, enjoying a prime location along a highway with over 8,000 vehicles per day and directly off Interstate 49 (12,000+ vehicles daily). The property benefits from its proximity to a 74-room Hampton Inn and other national hotel brands. Built in 2003 and extensively renovated in 2023, this single-tenant property boasts a brand-new roof, new HVAC systems, and significant facade and signage upgrades. The current tenant, Over Easy Management, Inc., the largest Huddle House franchisee with over 24 units, signed a new 15-year triple-net (NNN) lease commencing September 30, 2023, and expiring September 29, 2038. The lease includes three five-year renewal options. The asking price is $550,500, representing a $275.25 per square foot cost and a 6.00% cap rate, with a current NOI of $33,032. The property's location in Natchitoches, Louisiana, near Northwestern State University, ensures a consistent customer base. This fee-simple offering is ideal for a 1031 exchange. The property's APN is 0011471850A.

• Alternative Use

  Use

  Valuation

  Residential

  $13,706,245

  Hospitality

  $12,554,846

  Educational

  $10,445,485

  Medical

  $10,804,721

  Retail

  $16,248,532

Location Insight

City

Natchitoches

County

Natchitoches

State

Louisiana

Latitude

31.7287

Longitude

-93.1586

CBSA code

35060

CBSA name

NATCHITOCHES, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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