36572 C Braud Rd - Fast Food FOR SALE


Prairieville, LA 70769
$2,208,500 USD
949-724-5552
36572 C Braud Rd, Prairieville, LA for Sale
$2,208,500 USD
Fast Food - FOR SALE
1/6
null | 6.3% Cap Rate

36572 C Braud Rd
Prairieville, LA 70769


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
  • 14.7 Lease Years Remaining – Long-Term Lease Commitment
  • New 2018 Construction - Zero Landlord Responsibilities

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 Prairieville, 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 3,128-SF building (2018 construction) with drive-thru on a 0.68-acre parcel is located on the hard corner signalized intersection of Old Jefferson Hwy (18,100 VPD) and C Braud Road and is adjacent to Interstate 10, which sees over 104,000 VPD. Nearby retailers include McDonald’s, Starbucks, Popeyes, Sonic, Burger King, Walgreens, Circle K, O’Reilly Auto Parts, Family Dollar, and Alexander’s Harvest Market. This is a great opportunity to acquire an absolute NNN-leased QSR drive-thru asset in the Baton Rouge/New Orleans area with a long-term lease and no landlord responsibilities.

FOR SALE DETAILS

PRICE

$2,208,500 USD

PRICE/SF

$809 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen Grill & Chill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

-

APN/PARCEL ID

04805-300

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.