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#1 Burger King in LA | 14 Yr | $3.3MM Sales 206 E 1st St 2,789 SF Retail Building Thibodaux, LA 70301 $3,747,583 CAD ($1,343.70 CAD/SF) 5.75% Cap Rate

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Investment Highlights

Recently Executed 15-Year Lease | 10% Rental Increases | Established National Brand | GPS Hospitality (475+ Locations)
Signalized Hard Corner | ~30K VPD | Dominant Retail Corridor
Double Drive-Thru Configuration | Recently Renovated Building

Attractive Yield with Percentage Rent Upside
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
#1 in Louisiana | Top 3% nationwide | $3.3M+ annual sales

Executive Summary

SRS National Net Lease is pleased to present the exclusive opportunity to acquire the fee simple interest in a single-tenant, absolute NNN Burger King located at 206 E. 1st Street in Thibodaux, Louisiana. The property is leased to GPS Hospitality Partners IV, LLC, one of the largest Burger King franchisees in the United States with more than 475 locations. The tenant recently executed a 15-year lease commencing January 1, 2025, featuring 10% rental increases every five years and four (4) five-year renewal options. The absolute NNN lease structure offers zero landlord responsibilities, making this a passive, management-free investment opportunity.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,789 SF

Building Class

Year Built

2022

Price

$3,747,583 CAD

Price Per SF

$1,343.70 CAD

Cap Rate

5.75%

NOI

$215,452 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

0.67 AC

Zoning

C-1 - General Commercial

Parking

20 Spaces (7.17 Spaces per 1,000 SF Leased)

Frontage

167’ on East 1st Street

Corner Lot

Pylon Sign

Drive Thru

Accommodation and Food Services
99,999 SF
$9.99
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Burger King is known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined their brand for many successful years.