Restaurant
Sonic - 100 Ormond Blvd Laplace, LA 70068
100 Ormond Blvd, LaPlace, LA 70068
Listing Price: $1,737,010
Investment Overview
Marcus & Millichap is pleased to present this absolute triple-net lease Sonic Drive-In restaurant in Laplace, Louisiana. There will be a brand new 20-year triple-net lease at Close of Escrow with 7.5 percent rental increases every Five years along with Four, Five-year renewal options. This 0.72-acre site sits along Ormond Boulevard with traffic counts of over 35,000 vehicles daily. The subject property was built in 2001 is in a highly populated area with many businesses close by. Walmart, CVS, Popeyes, McDonalds, Smoothie King are just a few of many tenants in the area. Laplace is situated halfway between Baton Rouge and New Orleans.
Exclusively Listed By
Listing Price: $1,737,010
Investment Highlights
- Experienced Multi-Brand Operator
- Dense Retail Corridor
- Low Rent to Sales Ratio
Investment Overview
Marcus & Millichap is pleased to present this absolute triple-net lease Sonic Drive-In restaurant in Laplace, Louisiana. There will be a brand new 20-year triple-net lease at Close of Escrow with 7.5 percent rental increases every Five years along with Four, Five-year renewal options. This 0.72-acre site sits along Ormond Boulevard with traffic counts of over 35,000 vehicles daily. The subject property was built in 2001 is in a highly populated area with many businesses close by. Walmart, CVS, Popeyes, McDonalds, Smoothie King are just a few of many tenants in the area. Laplace is situated halfway between Baton Rouge and New Orleans.
Exclusively Listed By
