1690 Desiard St - Fast Food FOR SALE
Monroe, LA 71201 |
$1,368,738 USD
248-702-0288
1690 Desiard St
Monroe, LA 71201
HIGHLIGHTS
- Passive Investment Opportunity: Absolute net lease with zero landlord responsibilities
- Strong Location Performance: Placer.ai ranks this site in the 81st percentile nationally
- Corporate-Backed Lease: Guaranteed by Cajun Realty LLC, an operator of 250+ units
- Established Tenant: Church’s Texas Chicken operates more than 800 locations nationwide
- Built-In Rent Growth: Attractive annual CPI-based increases (capped at 3%) throughout the term and option periods
- Near Major Demand Driver: University of Louisiana Monroe located nearby with over 8,850 enrolled students
FOR SALE DETAILS
PRICE
$1,368,738 USD
PRICE/SF
$555 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Church's Chicken
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.73 AC
LAND SF
31,799 SF
ZONING
commercial
APN/PARCEL ID
111825
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248-702-0288
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248-702-0288
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