5435 Cypress St - Freestanding FOR SALE


West Monroe, LA 71291
$2,108,464 USD
516-477-7026
5435 Cypress St, West Monroe, LA for Sale
$2,108,464 USD
Freestanding - FOR SALE
1/3
null | 6.25% Cap Rate

5435 Cypress St
West Monroe, LA 71291


HIGHLIGHTS

  • Largest Franchisee Operator
  • Strong Guaranty
  • Absolute NNN Lease
  • Long-Term Commitment

OVERVIEW

Surmount is pleased to present the exclusive listing for a Dairy Queen located at 5435 Cypress Street, West Monroe, LA 71291. The site consists of roughly 2,562 rentable square feet of building space on an estimated 1.02-acre parcel of land. This Dairy Queen is subject to a 20-year Triple Net (NNN) lease, which commenced 11/21/2018. The current annual rent is $131,779 and has scheduled increases of 8.00% every 5 years.

FOR SALE DETAILS

PRICE

$2,108,464 USD

PRICE/SF

$807 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

B-3

APN/PARCEL ID

27733

ASK ABOUT THIS PROPERTY

James WesterbergSurmountMore Info
516-477-7026

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James WesterbergSurmountMore Info
516-477-7026

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