DQ Grill & Chill - Gretna, LA | 78 Westbank Expy
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DQ Grill & Chill - Gretna, LA 78 Westbank Expy
2,382 SF Retail Building Gretna, LA 70053 $2,319,000 ($974/SF) 6% Cap Rate
Investment Highlights
- 5-mile population counts: 337,370
- In-fill New Orleans MSA - 131,820 population counts within 3 miles
- Franchisee guaranteed
- Traffic counts: 100,400 VPD
- 15+ year absolute NNN leases with 4 (5-year) options to extend
- Scheduled rental increases
Executive Summary
• 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
• 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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,382 SF
Building Class
C
Year Built
2014
Price
$2,319,000
Price Per SF
$974
Cap Rate
6%
NOI
$139,141
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.61 AC
Zoning
BC-2 - Business Core 2
Parking
18 Spaces (7.56 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score ®
Very Walkable (85)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0100006659 | Improvements Assessment | $57,740 |
| Land Assessment | $35,650 | Total Assessment | $93,390 |
PROPERTY TAXES
Parcel Number
0100006659
Land Assessment
$35,650
Improvements Assessment
$57,740
Total Assessment
$93,390
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Andrew Fallon -
Philip Wellde -
SRS Real Estate Partners
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DQ Grill & Chill - Gretna, LA | 78 Westbank Expy
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