New Dairy Queen w/ Drive-Thru| 16-Yr Abs. NNN 2719 Charity St

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 (16 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.