Restaurant
Logan's Roadhouse
201 Constitution Dr, West Monroe, LA 71292
Listing Price: $2,500,000
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 annual 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.
Logan's Roadhouse
Investment Highlights
- 2021 Store Sales of $2,781,690 | Rent to Sale Ratio of 5.75%
- Corporate Guaranteed Absolute Net Lease | Zero Landlord Responsibilities
- Outparcel to Academy Sports Anchored Shopping Center
- Five 5-Year Renewal Options with Annual Rent Increases Based on CPI
- Large Retail Hub with National Retailers including Planet Fitness, Walmart, Aaron's, Office Depot, Hobby Lobby and More
- Excellent Visibility from Interstate 20 and Thomas Road (103,487 VPD)
Exclusively Listed By
Listing Price: $2,500,000
Investment Highlights
- 2021 Store Sales of $2,781,690 | Rent to Sale Ratio of 5.75%
- Corporate Guaranteed Absolute Net Lease | Zero Landlord Responsibilities
- Outparcel to Academy Sports Anchored Shopping Center
- Five 5-Year Renewal Options with Annual Rent Increases Based on CPI
- Large Retail Hub with National Retailers including Planet Fitness, Walmart, Aaron's, Office Depot, Hobby Lobby and More
- 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 annual 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
