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24630 Highway 1, Plaquemine, LA

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24630 Highway 1

Plaquemine, LA 70764-4122 - Iberville Parish Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1988
Building Size:2,757 SF Land Area:1.21 AC (52,708 SF)
For Sale Price:$2,085,561 Price/SF:$756.46
Cap Rate:5.25 %
Parking:Free Surface spaces are available; Ratio of 4.35/1,000 SF
Features:Dedicated Turn Lane, Pylon Sign, Signage, Drive Thru

Sale Notes:
• 19.5 Years Remain Absolute NNN Lease
• NNN Lease Guarantees Zero Landlord Responsibilities
• Recently Acquired by Location by GPS Hospitality Who Operates Over 420 Burger King Locations Nationally
• Lease Comes Equipped with Five, Five Year Options
• 2% Annual Rent Bumps Through Remaining Primary Term & Options
• Per Franchisee Agreement, Subject Property is Set to Receive the BK Remodel, in Which Landlord has Already Contributed $175k

Fortis Net Lease
Michael Carter
(248) 419-3812

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