Huddle House | 15-Year Lease 5306 University Pky

Marcus & Millichap is pleased to present a Huddle House restaurant, located at 5306 University Parkway, Natchitoches, LA 71457. Huddle House is positioned along Natchitoches Highway (8,000+ Vehicles per Day) and directly off Interstate 49 (12,000+ Vehicles per Day). It is anchored by a 74-room Hampton Inn and surrounded my multiple other national hotel brand properties. The 2,000 SF structure is situated on 0.568 acres and was built in 2003. The property has been operating as a Huddle House for over 20 years. In 2023, the business operations were taken over by Over Easy Management, Inc, the largest franchisee operator for Huddle House with approximately 24 units. As part of this transition, the Tenant and Landlord both contributed significant capital towards renovations and remodeling of the property including a brand-new roof, new HVAC systems and major upgrades to the facade and signage. The Tenant executed a new 15-year lease with rent based on six percent of gross revenue. The lease includes three, five-year renewal options.
Natchitoches, Louisiana, is the oldest permanent settlement in the Louisiana Purchase, founded in 1714. Located in the central part of the state, it sits along the banks of the Cane River and is known for its historic charm and deep-rooted cultural heritage. The city is about 70 miles south of Shreveport and 250 miles northwest of New Orleans. It is home to Northwestern State University, which brings a youthful and vibrant energy to the area.
*Tenant pays rent based on a percentage of sales. Current Annual Rent is based on an annualized basis of sales over the last 5 months (rent commencement date of March 1, 2024)