$937,450 USD
332-345-4384
HIGHLIGHTS
- Absolute Triple-Net (NNN) Lease | Zero (0) Landlord Responsibilities | The property is subject to an absolute triple-net lease
- Original Fifteen (15)-Year Lease | Approximately 2.2 Years Remaining | Four (4), Five (5)-Year Options
- Rental Increases of One And One-Half Percent (1.50%) Annually | Hedge Against Inflation
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a KFC located at 3663 General De Gaulle Drive, New Orleans, Louisiana 70114. The site consists of roughly 3400 rentable square feet of building space on an estimated 0.75-acre parcel of land. This KFC is subject to a 15-year Triple Net (NNN) lease, which commenced 7/25/2012. The current annual rent is $74,996 and has scheduled increases of 1.50% Annually.
FOR SALE DETAILS
PRICE
$937,450 USD
PRICE/SF
$276 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KFC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1994
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.75 AC
LAND SF
32,540 SF
ZONING
C-2
APN/PARCEL ID
5-13-6-149-10
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332-345-4384
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332-345-4384
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