78 Westbank Expy - Fast Food FOR SALE


Gretna, LA 70053
$2,319,000 USD
202-286-1542
78 Westbank Expy, Gretna, LA for Sale
$2,319,000 USD
Fast Food - FOR SALE
1/6
null | 6% Cap Rate

78 Westbank Expy
Gretna, LA 70053


HIGHLIGHTS

  • 5-mile population counts: 337,370
  • Traffic counts: 100,400 VPD
  • In-fill New Orleans MSA - 131,820 population counts within 3 miles
  • 15+ year absolute NNN leases with 4 (5-year) options to extend
  • Franchisee guaranteed
  • Scheduled rental increases

OVERVIEW

• More than 15 years remaining on the lease with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features rental increases in years 4, 9, 14, and at the beginning of each option, generating NOI and hedging against inflation • The lease is franchisee guaranteed • With over 7,000 global locations, Dairy Queen is among the largest quick service restaurants, and is most known for their wide array of soft serve ice cream options • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises • No landlord responsibilities • Ideal, management-free investment for an out-of-state, passive investor • Dairy Queen is located off Westbank Expressway (100,400 VPD), providing direct on/off ramp access for travelers • The immediate trade area is supported by surrounding retailers such as The Home Depot, Walgreens, Floor & Decor, Best Buy, Office Depot, and more • The freestanding building is complete with a drive-thru to maximize both sales and convenience to the dense customer base immediately surrounding the site • More than 337,000 residents and 251,000 employees support the trade area • $91,259 average household income

FOR SALE DETAILS

PRICE

$2,319,000 USD

PRICE/SF

$974 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DQ Grill & Chill - Gretna, LA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

BC-2

APN/PARCEL ID

0100006659

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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