1950 Louisville Ave | Monroe, LA 71201
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1950 Louisville Ave
Monroe, LA 71201
Popeyes Ground Lease · Retail Property For Sale
Investment Highlights
- New 10-year absolute NNN lease with rental increases every five (5) years
- Guaranteed by Carrols Corporation. Carrols Corporation owns and operates over 1,000 restaurants under the Burger King and Popeyes brands
- Popeyes is the world’s second-largest quick-service chicken concept, with 3,771+ units
- Three (3) extension periods of five (5) years each, providing a strong long-term investment opportunity
- Absolute NNN lease requires no landlord management, including all maintenance responsibilities, ideal for both local and out-of-area investors
- Popeyes has ramped up delivery significantly in the U.S. resulting in $250M in additional revenue
Executive Summary
This Popeyes features a high-visibility and easily accessible location along Louisville Avenue, Monroe’s primary retail thoroughfare with access to 22,473 AADT. The site is surrounded by a strong mix of local and major national retail tenants including Walmart Supercenter, Brookshire’s, Planet Fitness, Raising Cane’s, O’Reilly Auto Parts, Walgreens, Super 1 Foods, Toyota, Honda, Chevrolet and many others.
The property benefits from its proximity to several well attended Monroe schools and universities such as the University of Louisiana Monroe (8,215 students), West Monroe High School (2,076 students), Neville High School (1,043 students) and Carroll High School (602 students). 91,579 residents live within five miles of the site, creating a reliable customer base for the site
Located less than one mile from a Walmart Supercenter anchored shopping center, positioning the site to capture significant crossover shopping opportunities
The property benefits from its proximity to several well attended Monroe schools and universities such as the University of Louisiana Monroe (8,215 students), West Monroe High School (2,076 students), Neville High School (1,043 students) and Carroll High School (602 students). 91,579 residents live within five miles of the site, creating a reliable customer base for the site
Located less than one mile from a Walmart Supercenter anchored shopping center, positioning the site to capture significant crossover shopping opportunities
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,221 SF
Building Class
C
Year Built
2024
Price
$1,240,000
Price Per SF
$558
Cap Rate
6.25%
NOI
$77,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
4.36 AC
Parking
10 Spaces (4.5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 45576 | Improvements Assessment | $54,261 |
| Land Assessment | $78,927 | Total Assessment | $133,188 |
PROPERTY TAXES
Parcel Number
45576
Land Assessment
$78,927
Improvements Assessment
$54,261
Total Assessment
$133,188
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