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Dairy Queen Grill & Chill 36572 C Braud Rd 3,128 SF Retail Building Prairieville, LA 70769 $2,920,265 CAD ($933.59 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
- New 2018 Construction - Zero Landlord Responsibilities
- 33-Unit Franchisee Operator – MMPR Group - Locations in CA, AZ, NV, ID, LA, and IN
- 14.7 Lease Years Remaining – Long-Term Lease Commitment
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 Prairieville, 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 3,128-SF building (2018 construction) with drive-thru on a 0.68-acre parcel is located on the hard corner signalized intersection of Old Jefferson Hwy (18,100 VPD) and C Braud Road and is adjacent to Interstate 10, which sees over 104,000 VPD. Nearby retailers include McDonald’s, Starbucks, Popeyes, Sonic, Burger King, Walgreens, Circle K, O’Reilly Auto Parts, Family Dollar, and Alexander’s Harvest Market.
This is a great opportunity to acquire an absolute NNN-leased QSR drive-thru asset in the Baton Rouge/New Orleans area with a long-term lease and no landlord responsibilities.
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 3,128-SF building (2018 construction) with drive-thru on a 0.68-acre parcel is located on the hard corner signalized intersection of Old Jefferson Hwy (18,100 VPD) and C Braud Road and is adjacent to Interstate 10, which sees over 104,000 VPD. Nearby retailers include McDonald’s, Starbucks, Popeyes, Sonic, Burger King, Walgreens, Circle K, O’Reilly Auto Parts, Family Dollar, and Alexander’s Harvest Market.
This is a great opportunity to acquire an absolute NNN-leased QSR drive-thru asset in the Baton Rouge/New Orleans area with a long-term lease and no landlord responsibilities.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,128 SF
Building Class
C
Year Built
2018
Price
$2,920,265 CAD
Price Per SF
$933.59 CAD
Cap Rate
6.65%
NOI
$194,230 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.68 AC
Zoning
MU
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04805-300 | Improvements Assessment | $137,573 CAD |
| Land Assessment | $75,235 CAD | Total Assessment | $212,807 CAD |
PROPERTY TAXES
Parcel Number
04805-300
Land Assessment
$75,235 CAD
Improvements Assessment
$137,573 CAD
Total Assessment
$212,807 CAD
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Dairy Queen Grill & Chill | 36572 C Braud Rd
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