Vacant IHOP

Below Replacement Cost: Opportunity to acquire a fully built restaurant at a price below the current cost to construct one. This benefits an investor by allowing a lower barrier to entry for operations, stronger long-term cash flow potential, and reduced risk exposure by way of deferred ground-up development costs.
Flexible Use Potential: Great opportunity for a restaurant operator, national casual dining brand, or alternative commercial use, which benefits an investor by owning a property with operational agility and enhanced income possibilities.
High Density Retail Corridor: A significant amount of retail is found just off the Highway 20 running through Monroe, LA. A few of the high credit tenants are Chick-Fil-A, Popeyes, KFC, Taco Bell, Raising Cane’s, Subway, Hobby Lobby, Office Depot, McDonald’s, Wendy’s, Burger King, and a Walmart Supercenter.
Large Acre Lot: The property is located on a large ±1.66-acre lot.
Out Parcel to Office Depot & Hobby Lobby: the subject property is outparceled to a Office Depot and Hobby Lobby shopping center which provide a prospective purchaser with owning a property within a retail corridor with consistent traffic.
Densely Populated Area: the subject property is in a dense part of West Monroe with a population of over 78,000 people in the five-mile radius.
Zoning B-3: General Business District: These districts are composed of land and structures occupied for furnishing the range of retail goods and services required by the residents of the city and its trade area.

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Donnie Jarreau