3663 Gen De Gaulle Dr - Fast Food FOR SALE


New Orleans, LA 70114- Behrman
$930,000 USD
917-834-4576
3663 Gen De Gaulle Dr, New Orleans, LA for Sale
$930,000 USD
Fast Food - FOR SALE
1/4
null | 8.19% Cap Rate

3663 Gen De Gaulle Dr
New Orleans, LA 70114
Behrman


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Lease
  • Original Fifteen (15)-Year Lease
  • Value-Add Opportunity
  • 3,400 Square-Foot Building
  • Lease Guaranteed By Blue Victory Holdings

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a KFC located at 3663 General DeGaulle Drive, New Orleans, LA 70114. The site consists of roughly 3,400 rentable square feet of building space on an estimated 0.75-acre parcel of land. This KFC is subject to a 15 Years-year Triple Net (NNN) lease, which commenced 7/25/2012. The current annual rent is $76,121 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$930,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

8.19%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,520 SF

ZONING

C-2

APN/PARCEL ID

5-13-6-149-10

ASK ABOUT THIS PROPERTY

Hannan Ben YosefSurmountMore Info
917-834-4576

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Hannan Ben YosefSurmountMore Info
917-834-4576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.