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Dairy Queen 1636 Barataria Blvd 2,146 SF Retail Building Marrero, LA 70072 $2,918,758 CAD ($1,360.09 CAD/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – Drive-Thru QSR Investment
- Dairy Queen is a Subsidiary of Warren Buffett’s Berkshire Hathaway – NYSE: BRK.A - Berkshire Hathaway has an Investment-Grade Rating (S&P “AA”)
- Located Along Barataria Blvd (40,800 VPD) - Main Traffic Thoroughfare to US Highway Route 90 (63,700 VPD)
- 33-Unit Franchisee Operator – MMPR Group - Locations in CA, AZ, NV, ID, LA, and IN
- 14.7 Lease Years Remaining – Long-Term Lease Commitment
- Approximately Half-Mile Distance to Two High Schools – Archbishop Shaw High School and John Ehret High School
EXECUTIVE SUMMARY
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 Marrero, 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 2,146-SF building with drive-thru on a 0.53-acre parcel is located along Barataria Blvd, which sees over 40,800 VPD and is strategically positioned within a strong retail corridor across from Lowe’s Home Improvement, Home Depot, Walmart Supercenter, ALDI, McDonald’s, Chick-fil-A, Raising Cane’s, Starbucks, and more.
This is a great opportunity to acquire an absolute NNN leased QSR asset in New Orleans with a long-term lease, 20 years in option periods, rent increases every 5 years, and no landlord responsibilities, providing worry-free income for years to come.
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 2,146-SF building with drive-thru on a 0.53-acre parcel is located along Barataria Blvd, which sees over 40,800 VPD and is strategically positioned within a strong retail corridor across from Lowe’s Home Improvement, Home Depot, Walmart Supercenter, ALDI, McDonald’s, Chick-fil-A, Raising Cane’s, Starbucks, and more.
This is a great opportunity to acquire an absolute NNN leased QSR asset in New Orleans with a long-term lease, 20 years in option periods, rent increases every 5 years, and no landlord responsibilities, providing worry-free income for years to come.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,146 SF
Building Class
B
Year Built
2000
Price
$2,918,758 CAD
Price Per SF
$1,360.09 CAD
Cap Rate
6.65%
NOI
$194,130 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.53 AC
Zoning
C1
Parking
28 Spaces (13.05 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Restaurant
- Signage
- Drive Thru
- Monument Signage
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0420002648 | Improvements Assessment | $84,134 CAD |
| Land Assessment | $31,606 CAD | Total Assessment | $115,741 CAD |
PROPERTY TAXES
Parcel Number
0420002648
Land Assessment
$31,606 CAD
Improvements Assessment
$84,134 CAD
Total Assessment
$115,741 CAD
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Dairy Queen | 1636 Barataria Blvd
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