Appraisals / Brokerage / Property Management / 318.801.0950 / [email protected] / 1300 Hudson Lane / Monroe, LA / Louisiana Real Estate Broker License 995691964
Sold: 2309 Oliver Road, Monroe, Louisiana
Sale Date: March 12, 2019
Price: $875,000
Seller: John Clyde Morris III
Buyer: CA3 Properties, LLC
Land Size: 1.39 acres (OP Assessor)
Sources: Ouachita Parish Assessor’s website, Legal Recorder, Conveyance Record
Disclaimer: The above information is for reference only and should not be relied upon without proper verification
Note: A previous blog post indicated a transfer of both the motel and the neighboring restaurant. This transfer includes the motel only.
Sold: 1101 Glenwood Drive in West Monroe, LA
Sale Date: March 4, 2019
Price: $2,250,000
Seller: Sanchez-4, LLC
Buyer: Sai Krupa Lodging, LLC
Land Size: 2.109 acres
Sources: Ouachita Parish Assessor’s website, Legal Recorder, Conveyance Record
Disclaimer: The above information is for reference only and should not be relied upon without proper verification.
Sold: 6300 Frontage Road in Monroe, Louisiana
Sale Date: February 22, 2019
Price: $10,500,000
Seller: Hixson Automotive Group, L.L.C.
Buyer: Flick Properties, L.L.C.
Land Size: 24.87 acres (Conveyance Record)
Sources: Ouachita Parish Assessor’s website, Legal Recorder, Conveyance Record
Disclaimer: The above information is for reference only and should not be relied upon without proper verification.
Sold: 1310 N. 19th Street in Monroe, Louisiana
Sale Date: February 13, 2019
Price: $730,000
Seller: John C. Cooksey et al
Buyer: Tupelo Development, L.L.C.
Land Size: 0.765 acres (OP Assessor)
Sources: Ouachita Parish Assessor’s website, Legal Recorder, Conveyance Record
Disclaimer: The above information is for reference only and should not be relied upon without proper verification.
Ruston Enterprises, LLC to Direct Business Center, LLC
Date: 12/7/2018
Price: $1,000,000
Note: For reference only: This information should not be relied upon without further verification.
Ruston Petro Partners, LLC to Vikram Vijay, LLC
Price: $2,519,500
Southwest corner of Highway 33 and Kentucky Avenue.
Source: Lincoln Parish COC, Assessor Website
Sold: 1600 Sterlington Road, Monroe, LA (Dairy Queen Restaurant)
Date: 12/7/2018
Price: $1,774,000
Seller: Frauenshuh Hospitality Group of AL LLC
Buyer: USVP Commercial NNN LLC
Note: This is thought to be a NNN lease transfer from the operator to an investment LLC. Frauenshuh Hospitality Group, dba Fourteen Foods, is an owner / operator of over 200 DQ restaurants. All information is for reference only and should not be relied upon without further verification.
Update: Per Loopnet – DQ Grill & Chill has a brand new 20-year Absolute NNN lease with 8% rental escalations every 5 years with three 5-year renewal options. The tenant, Frauenshuh Hospitality Group KY/IN, LLC (a subsidiary of Fourteen Foods – largest Dairy Queen Franchisee in the U.S. with 216 locations in 13 states) has 110 DQ locations backing the performance of the lease. The unit level performance of this asset is well above the DQ national average with an attractive 7.25% rent-to-sales ratio, helping to ensure long term profitability at this location.
Size: 3,283 SF (2015 construction)
Sold: 10/1/2018
Price: $1,396,000
Seller: HP Investments, LLC
Buyer: Dankbar Properties, LLC
Property: 4540 White’s Ferry Road / Build to suit Dollar General retail store
Sold: 9/19/2018 (Source: Conveyance Record)
Vacant Land / NW corner of Highway 33 and I-20 Frontage Road / Ruston, LA
Seller: DWS Properties, et al
Buyer: USA Brother in Laws, LLC
Price: $1,425,000
Land: 5.368 acres
Sold: 4/2/2018
Book / Page: 2540 / 848
Seller: Auburndale Pecanland LLC
Buyer: CFT NV Developments LLC
Price: $1,280,000
Area: 1.95 acres (per tax assessor)
Indicated Price per Sq. Ft. – $15.00 / sq. ft., more or less
The above information is for reference only and should not be relied upon without proper verification.
