About This Restaurant
Investment Highlights
Brand New 20-Year Sale-Leaseback | Scheduled Rental Increases |GPS Hospitality Partners IV, LLC - Strong Operator | Options to Extend Fronting Old Spanish Trail | Directly Off Interstate 10 |Surrounding Residential Consumer Base Proximity to New Orleans Absolute NNN Sale-Leaseback | Zero Landlord Responsibilities Brand New Construction | Drive-Thru Equipped | 2024 Construction
Executive Summary
? The tenant, GPS Hospitality Partners IV, LLC, will execute a brand-new 20-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their long-term commitment to the site? GPS Hospitality Partners IV, LLC is an experienced QSR franchisee with a 190-unit guarantee? The lease will feature scheduled rental increases of 8% every five years and at the beginning of each option, generating NOI and hedging against inflation
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 3,000
- Year Built 2024
- Construction Status Under Construction
- Price 2,000,000
- Price Per SF 667
- Cap Rate 5.25
- NOI 105,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.09
- Land Acres 0.78 AC
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 134424 | Improvements Assessment | $0 |
| Land Assessment | $5,820 | Total Assessment | $5,820 |
| Date Created: | 2024-07-16 04:16:15 | Last Updated: | 2024-07-16 04:16:15 |
| Address: | 1829 Old Spanish Trl , Slidell, Louisiana, 70458 | ||