1525 W Airline Hwy - Fast Food FOR SALE
La Place, LA 70068 |
1525 W Airline Hwy
La Place, LA 70068
HIGHLIGHTS
- Long-term absolute triple net lease at $115,000 annually with 10% rental rate increases every five years.
- Signalized intersection provides excellent exposure and access with visibility to over 38,000 daily drivers.
- New construction for Chick-fil-A on a 15-year lease starting November 2021 with eight (8) five-year renewal options.
- Off I-10 at the heart of a retail hub in a New Orleans suburb home to a stable population and employment market.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Chick-fil-A NNN Ground Lease Investment
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
4739
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
34
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
0400373000
