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.