2719 Charity St - Fast Food FOR SALE


Abbeville, LA 70510
$2,319,000 USD
949-221-1835
2719 Charity St, Abbeville, LA for Sale
$2,319,000 USD
Fast Food - FOR SALE
1/4
null | 6% Cap Rate

2719 Charity St
Abbeville, LA 70510


HIGHLIGHTS

  • World Renowned Dairy Queen Brand – Established Tenant with Personal Guarantee | (NYSE:BRKA/BRKB) | Annual Sales Exceed $3.6b
  • Long Term Lease – Commitment to Property | 18 year lease with fifteen (15) years of primary lease term remaining
  • Absolute NNN Lease
  • Growing Income Stream with Rental Increases | 8.7% Rent Increase in January 2025
  • Newer Construction (2016) With Drive Thru
  • Signalized Intersection at Hard Corner Provides For Convenient Access | Outparcel To Lowes/ Close Proximity to Major Retailers

OVERVIEW

Louisiana Broker of Record: Steve R. Reisig License No.: 14916A Faris Lee Investments is pleased to offer a newly leased STNL freestanding, drive thru Dairy Queen on a 18-year absolute NNN fee simple(land & building), which provides long-term security and stability for investors (15 years left on initial term). The subject property has an 8.7% rental increase in January 2025 and 6.5% rental increases every 5 years, which hedges against inflation. Dairy Queen sits on a 0.82-acre parcel with 38 parking spaces, which provides ample car queuing on its parcel. The Franchisor, Dairy Queen, often abbreviated as DQ, is a popular chain of fast-food restaurants and ice cream shops in the United States and around the world. Dairy Queen is one of the world’s largest quick service restaurants with over 7,000 locations in 20 countries. Dairy Queen is a subsidiary of Berkshire Hathaway, Inc. (NYSE:BRKA/BRKB) which is led by Warren Buffet, the legendary investor and CEO of Berkshire with annual sales exceeding $3.6B. The subject property is located on Charity Street and Veterans Memorial Drive with approximately 27,000 VPD and has excellent street visibility. In addition, the subject property is situated in a dynamic trade area with nearby major retailers, such as Lowe’s, Home Depot, Walmart, and Super 1, make it an attractive investment opportunity. The property’s demographics are also impressive, with a population of 57,274 and an average household income of $77,038 within a 5-mile radius.

FOR SALE DETAILS

PRICE

$2,319,000 USD

PRICE/SF

$737 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Dairy Queen w/ Drive-Thru| 15-Yr Abs. NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

Commercial

APN/PARCEL ID

RA384995

ASK ABOUT THIS PROPERTY

Scott DeYoungFaris Lee InvestmentsMore Info
949-221-1835

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Scott DeYoungFaris Lee InvestmentsMore Info
949-221-1835

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