Investment Highlights
5-mile population counts: 345,927
In-fill New Orleans MSA - 135K population counts within 3 miles
Franchisee guaranteed
Traffic counts: 100,400 VPD
15+ year absolute NNN leases with 4 (5-year) options to extend
Scheduled rental increases
Executive Summary
? More than 15 years remaining on the lease with 4 (5-year) options to extend, demonstrating their commitment to the site? The lease features rental increases in years 4, 9, 14, and at the beginning of each option, generating NOI and hedging against inflation? The lease is franchisee guaranteed? With over 7,000 global locations, Dairy Queen is among the largest quick service restaurants, and is most known for their wide array of soft serve ice cream options? Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises? No landlord responsibilities? Ideal, management-free investment for an out-of-state, passive investor? Dairy Queen is located off Westbank Expressway (100,400 VPD), providing direct on/off ramp access for travelers? The immediate trade area is supported by surrounding retailers such as The Home Depot, Walgreens, Floor & Decor, Best Buy, Office Depot, and more? The freestanding building is complete with a drive-thru to maximize both sales and convenience to the dense customer base immediately surrounding the site? More than 345,000 residents and 228,000 employees support the trade area? $84,614 average household income
