1636 Barataria Blvd - Fast Food FOR SALE


Marrero, LA 70072
$2,226,000 USD
949-724-5552
1636 Barataria Blvd, Marrero, LA for Sale
$2,226,000 USD
Fast Food - FOR SALE
1/6
null | 6.25% Cap Rate

1636 Barataria Blvd
Marrero, LA 70072


HIGHLIGHTS

  • Absolute NNN Lease – Drive-Thru QSR Investment
  • 33-Unit Franchisee Operator – MMPR Group - Locations in CA, AZ, NV, ID, LA, and IN
  • Dairy Queen is a Subsidiary of Warren Buffett’s Berkshire Hathaway – NYSE: BRK.A - Berkshire Hathaway has an Investment-Grade Rating (S&P “AA”)
  • 14.7 Lease Years Remaining – Long-Term Lease Commitment
  • Located Along Barataria Blvd (40,800 VPD) - Main Traffic Thoroughfare to US Highway Route 90 (63,700 VPD)
  • Approximately Half-Mile Distance to Two High Schools – Archbishop Shaw High School and John Ehret High School

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to present an opportunity to purchase an absolute NNN leased Dairy Queen QSR drive-thru investment in Marrero, LA. The tenant is MMPR Group, a 33-unit operator with locations in CA, AZ, NV, ID, LA, and IN. Dairy Queen Corporation is a subsidiary of Warren Buffett’s Berkshire Hathaway, Inc. (NYSE: BRK.A), and has an investment-grade credit rating from S&P of “AA” (Moody’s: Aa2). With approximately 14.7 lease years remaining in the primary term, four 5-year option periods, rental increases every 5 years, and zero landlord responsibilities, this asset is ideal for an investor seeking years of passive cash flows. The 2,146-SF building with drive-thru on a 0.53-acre parcel is located along Barataria Blvd, which sees over 40,800 VPD and is strategically positioned within a strong retail corridor across from Lowe’s Home Improvement, Home Depot, Walmart Supercenter, ALDI, McDonald’s, Chick-fil-A, Raising Cane’s, Starbucks, and more. This is a great opportunity to acquire an absolute NNN leased QSR asset in New Orleans with a long-term lease, 20 years in option periods, rent increases every 5 years, and no landlord responsibilities, providing worry-free income for years to come.

FOR SALE DETAILS

PRICE

$2,226,000 USD

PRICE/SF

$1,113 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

-

APN/PARCEL ID

0420002648

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.