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Restaurant

Logan's Roadhouse

201 Constitution Dr, West Monroe, LA 71292

Listing Price: $2,200,000

Cap Rate
7.27%
Tenant Name
Logan's Roadhouse
Years Remaining On Lease
4.6
Gross SF
7,839
Guarantor
Corporate Guarantee
Rentable SF
7,839
Price/Gross SF
$280.65
Lease Type
Absolute Net
Rent Per Square Feet
$20.41

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Logan's Roadhouse located at 201 Constitution Drive, West Monroe, Louisiana. The building is 7,839 square feet and is situated on approximately 1.14 acres of land. The property is an outparcel to a Academy Sports-anchored shopping center including Planet Fitness, Harbor Freight and more. Located in a large retail hub with national retailers that include, Walmart, Aaron's, Hobby Lobby, Office Depot and more. Logan's Roadhouse has approximately five years remaining on lease with five five-year renewal options. Current annual rent is $160,000 and the renewals have rent increases based on CPI. Logan's Roadhouse has the right to early termination if there are any material changes to parking or easements. Logan's Roadhouse was acquired in 2020 by SPB Hospitality. Headquartered in Houston, Texas, SPB Hospitality is a leading operator and franchisor of steakhouses, brewery and craft-beer focused casual dining restaurants in the U.S., with hundreds of locations in 39 states and the District of Columbia.

Investment Highlights

  • Corporate Guaranteed Absolute Net Lease | Zero Landlord Responsibilities
  • Outparcel to Academy Sports Anchored Shopping Center
  • Large Retail Hub with National Retailers including Planet Fitness, Walmart, Aaron's, Office Depot, Hobby Lobby and More
  • Below-Market Rent | Replaceable Rent
  • Excellent Visibility from Interstate 20 and Thomas Road (103,487 VPD)

Exclusively Listed By

Restaurant

Logan's Roadhouse

Listing Price: $2,200,000

Cap Rate
7.27%
Tenant Name
Logan's Roadhouse
Years Remaining On Lease
4.6
Gross SF
7,839
Guarantor
Corporate Guarantee
Rentable SF
7,839
Price/Gross SF
$280.65
Lease Type
Absolute Net
Rent Per Square Feet
$20.41

Investment Highlights

  • Corporate Guaranteed Absolute Net Lease | Zero Landlord Responsibilities
  • Outparcel to Academy Sports Anchored Shopping Center
  • Large Retail Hub with National Retailers including Planet Fitness, Walmart, Aaron's, Office Depot, Hobby Lobby and More
  • Below-Market Rent | Replaceable Rent
  • Excellent Visibility from Interstate 20 and Thomas Road (103,487 VPD)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Logan's Roadhouse located at 201 Constitution Drive, West Monroe, Louisiana. The building is 7,839 square feet and is situated on approximately 1.14 acres of land. The property is an outparcel to a Academy Sports-anchored shopping center including Planet Fitness, Harbor Freight and more. Located in a large retail hub with national retailers that include, Walmart, Aaron's, Hobby Lobby, Office Depot and more. Logan's Roadhouse has approximately five years remaining on lease with five five-year renewal options. Current annual rent is $160,000 and the renewals have rent increases based on CPI. Logan's Roadhouse has the right to early termination if there are any material changes to parking or easements. Logan's Roadhouse was acquired in 2020 by SPB Hospitality. Headquartered in Houston, Texas, SPB Hospitality is a leading operator and franchisor of steakhouses, brewery and craft-beer focused casual dining restaurants in the U.S., with hundreds of locations in 39 states and the District of Columbia.

Exclusively Listed By

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