5732 Johnston St - Fast Food FOR SALE


Lafayette, LA 70503- Central Lafayette Parish
$2,140,615 USD
818-907-9525
5732 Johnston St, Lafayette, LA for Sale
$2,140,615 USD
Fast Food - FOR SALE
1/3
null | 6.5% Cap Rate

5732 Johnston St
Lafayette, LA 70503
Central Lafayette Parish


HIGHLIGHTS

  • ABSOLUTE NNN LEASE – ZERO LANDLORD RESPONSIBILITIES: Ideal for passive investors
  • LONG-TERM LEASE WITH STRONG TENANT COMMITMENT - With 14.5 years remaining on the base term, the lease provides long-term, stable cash flow
  • NATIONAL TENANCY: Dairy Queen is an iconic, global QSR brand with a loyal customer base, operating 7,000+ locations
  • STRONG OPERATOR – MODERN DQ GRILL & CHILL PROTOTYPE: Experienced franchisee with a proven track record and upgraded store format
  • PRIME RETAIL CORRIDOR – EXCELLENT VISIBILITY: The site benefits from high daily traffic counts and proximity to major destination retailers
  • DENSE, AFFLUENT DEMOGRAPHICS: Over 127,000 residents within a 5-mile radius and strong household income levels

OVERVIEW

This passive net-leased investment opportunity offers a qualified buyer the chance to purchase a long term NNN leased Dairy Queen Grill & Chill, with 14.5 years remaining on the base term, with four 5-year options and built-in rent increases. The site benefits from its excellent visibility on a prime retail corridor, and is backed by an experienced operator. ABOUT THE GUARANTOR Ramandeep Kalra opened his first store in 2007, having been in the food business since 2001, and by 2021, he owned 14 stores spread over AZ, NV, LA and ID. He now operates about 30 units, owning the real estate on 9 of them. He has over 300 employees, and has never sold a store that he operates. All locations are performing well, and as of October 2021 began to expand into California. LAFAYETTE, LOUISIANA Lafayette is a key economic and cultural hub in southern Louisiana, known for its strong energy sector, vibrant culinary scene, and steady population base. With over 240,000 residents in the metro area, Lafayette serves as a regional center for healthcare, education, retail, and energy, particularly oil and gas services. Often referred to as the “Heart of Cajun Country,” Lafayette boasts a rich cultural heritage rooted in French-Acadian traditions. This strong cultural identity not only attracts tourism but also fosters a deep sense of community pride and resilience that supports long-term economic stability.

FOR SALE DETAILS

PRICE

$2,140,615 USD

PRICE/SF

$1,025 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen Grill & Chill | Lafayette LA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

-

APN/PARCEL ID

6070137

ASK ABOUT THIS PROPERTY

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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