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1600 Sterlington Rd
Monroe, LA 71203
DQ Grill & Chill: 20-Year Absolute NNN Lse · Retail Property For Sale
PROPERTY FACTS
ABOUT 1600 STERLINGTON RD , MONROE, LA 71203
DQ Grill & Chill has a brand new 20-year Absolute NNN lease with 8% rental escalations every 5 years with three 5-year renewal options. The tenant, Frauenshuh Hospitality Group KY/IN, LLC (a subsidiary of Fourteen Foods – largest Dairy Queen Franchisee in the U.S. with 216 locations in 13 states) has 110 DQ locations backing the performance of the lease. The unit level performance of this asset is well above the DQ national average with an attractive 7.25% rent-to-sales ratio, helping to ensure long term profitability at this location. DQ Grill & Chill is located in Monroe, LA with high drive-by visibility on Sterlington Road. The subject property has an excellent location half a mile from University of Louisiana Monroe (enrollment of 9,038 students) and 3.5 miles from St. Francis Medical Center with 352 beds. Nearby retailers to this asset include: Walmart Supercenter, Super 1 Foods, Books-A-Million, Planet Fitness, Office Depot, Stage, Hibbett Sports, Fred’s, Dollar Tree, Dollar General, Family Dollar, O’Reilly Auto Parts, AutoZone, Walgreens, etc. *In Association with Louisiana Local Broker: Mark Sealy, Sealy Real Estate Services, LLC
PROPERTY TAXES
| Parcel Number | 46391 | Improvements Assessment | $81,096 |
| Land Assessment | $10,039 | Total Assessment | $91,135 |
PROPERTY TAXES
