Dairy Queen

78 Westbank Expressway, Gretna, LA 70053

$2,319,000

Cap Rate 6.00%

Views: 112 DOM: 371 Updated: 08.22.24 Posted: 09.02.23 Status: Active

Summary

Price $2,319,000	Built/Renov 2014	Tenant Dairy Queen
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,382	Lease Start 01-01-2022	#Units 12
Price/SF $973.55	Expiration 12-31-2039	Tenant Type Fast Food/QSR
NOI $139,141	R. Term 15.3	Ownership Fee Simple
Rent/SF $58.41	Increases 8.7%/3/yrs	Pop 5Mi 345,927
Lot/AC 0.61	Options 4/5yrs/8.7%	AHHI 5Mi $84,614

Andrew Fallon

SRS National Net Lease Group

Contact

Lease Highlights

This freestanding Dairy Queen is complete with a drive-thru
Tenant has 16+ years remaining on their lease with 4 (5-year) options to extend
Lease features rental increases in years 4, 9, 14, and at the beginning of each option (See OM)
Absolute NNN lease I Zero landlord responsibilities
The lease is franchisee guaranteed
Dairy Queen is an investment grade tenant (S&P: AA+)

Location Description

Dairy Queen is positioned off Westbank Expressway with a high daily traffic count of 100,400 vehicles passing by daily. The subject property offers convenient direct on/off ramp access for travelers. The immediate trade area is supported by surrounding retailers including The Home Depot, Walgreens, Floor & Decor, Best Buy, Office Depot, and more. Strong tenant synergy increases consumer draw...

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Key Features

High traffic 50M+ VPD
Near major nationals
Highway location
Dense 200M+ pop 5 mi
Top 100 MSA
Long 15+ yr lease
Absolute NNN
Traded and rated company
Personal guarantee
Investment grade tenant

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Links

Dairy Queen Wikipedia Dairy Queen Wikipedia Gretna, Louisiana Zip Code 70053 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dairy Queen
Guarantor:Franchisee
Company:MMPR Group
# Units:12
Tenant S&P: AA+
Moody’s: Aa2
Stock: NYSE: BRK.A

About Tenant

Dairy Queen is an American chain of soft serve ice cream and fast-food restaurants. Dairy Queen opened its first store in 1940 in Joliet, IL and were considered a fixture of social life in small...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	16,614	133,706	339,720
2023 Total Population :	16,830	134,436	342,168
2023 Employed Civilian Pop :	8,179	64,499	161,774
2023 Total Businesses :	1,219	10,049	20,167
2023 Average Household Income :	$ 59,531	$ 80,490	$ 84,733
2023 Total Consumer Spending :	$ 377 M	$ 4090 M	$ 10764 M
2023 Median Age :	37	38	37
2023 Total Households :	7,203	58,290	145,726
2023 Pop Age 25+: Bachelor's Degree :	1,626	18,156	49,271
2023 Average Home Value :	$ 299,424	$ 327,570	$ 352,488

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Franklin Ave	Westbank Expy	2008	4,228	0.25 mi
LA 23	Hancock St	2021	16,629	0.29 mi
US 90 BUS	Lafayette St	2021	67,143	0.29 mi
Stumpf Blvd	Hancock St	2011	12,658	0.30 mi
LA 18	12th St	2021	6,757	0.40 mi
11th St	Lafayette St	2002	11,707	0.45 mi
US 90 BUS	Newton St	2020	14,395	0.46 mi
Gretna Blvd	Linda Ct	2008	12,200	0.51 mi
Whitney Ave	Cooper Rd	2009	11,600	0.64 mi
LA0466	Monroe St	2020	3,683	0.66 mi

Listing Broker

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