Author: magraham

Sold:  12/10/2018 (Convenience store / restaurant)

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.

 

 

Sold:  Recorded 9/5/2018

Address:  4703 Pecanland Mall Drive, Monroe, LA (Multi-tenant retail)

Seller:  LB-UBS 2006-C7 Pecanland Mall Drive LLC

Buyer:  Pecanland Village Shopping Center LLC

Book / Page:  2558 / 213

Price:  $813,750

Source:  Ouachita Parish Legal News / Clerk of Court website

The information above is for reference only and should not be relied upon without proper verification.

 

Sold:  Shadow Wood and Shadow Forest Apartments / Monroe, LA

Seller:  Juniper Shadow Wood, LLC and Juniper McKeen LLC

Buyer:  Andmark Shadow Wood Apartments LLC and Andmark Shadow Forest Apartments LLC

Price:  $7,400,000 (Shadow Wood) / $8,000,000 (Shadow Forest)

Date of Sale:  9/17/18  Book 2559 Pages 352 and 334

Note:  The above information is for reference only and should not be relied upon without proper verification.   The accuracy of the above information is not guaranteed.  Source:  The Legal Recorder – Ouachita Legal News

 

 

 

 

Sold:  3211 Sterlington Road, Monroe, LA

Property Type:  Restaurant

Seller:  Jose Antonio Sanchez, et ux

Buyer:  El Paso Mexican Properties Monroe, LLC (Ruben Chavez)

Price:  $1,000,000

Recorded:  6/26/2018

 

Sold:  401 4th Street, Monroe, Louisiana (Former News Star World)

Seller:  Gannett River States Publishing Corp.

Buyer:  Ridgecrest Realty, LLC

Recorded:  6/19/2018 (Book 2550 Page 576)

Price:  $600,000

Data:  2.24 +/- acres and a building of approximately 55,582 square feet, and all other improvements thereon, located at 401 4th Street and 411 4th Street, Monroe, LA.  (Source:  Conveyance Record)

This information is for reference only and should not be relied upon without proper verification by the user.

Sold:  Vacant Land / Corner of North 18th and Avenue of America

Seller:  Campco of Monroe, Inc. (Mr. Guy Campbell)

Buyer:  Johnny’s Pizza House, Inc.

Price:  $875,000 (source:  Clerk of Court records)

Sale Date:  May 15, 2018

Lot One (1) of Regions Subdivision

Lot Size:  1.32 acres or 57,500 sq. ft. (source:  tax assessor)

Indicated $ / Square Foot:  $15.22

The above information is for reference only and should not be relied upon without proper verification.