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Church's Chicken 1690 Desiard St 2,467 SF Retail Building Monroe, LA 71201 $1,342,913 ($544.35/SF) 6.60% Cap Rate
Investment Highlights
- Passive Investment Opportunity: Absolute net lease with zero landlord responsibilities
- Corporate-Backed Lease: Guaranteed by Cajun Realty LLC, an operator of 250+ units
- Built-In Rent Growth: Attractive annual CPI-based increases (capped at 3%) throughout the term and option periods
- Strong Location Performance: Placer.ai ranks this site in the 81st percentile nationally
- Established Tenant: Church’s Texas Chicken operates more than 800 locations nationwide
- Near Major Demand Driver: University of Louisiana Monroe located nearby with over 8,850 enrolled students
Executive Summary
Passive Investment Opportunity: Absolute net lease with zero landlord responsibilities
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,467 SF
Building Class
C
Year Built
2003
Price
$1,342,913
Price Per SF
$544.35
Cap Rate
6.60%
NOI
$88,692
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.73 AC
Zoning
commercial
Frontage
268’ on 18th Street Overpass
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 111825 | Improvements Assessment | $329 |
| Land Assessment | $5,566 | Total Assessment | $5,895 |
Property Taxes
Parcel Number
111825
Land Assessment
$5,566
Improvements Assessment
$329
Total Assessment
$5,895
Contacts
-
Deno Bistolarides -
Alex Alyas -
Michael Gaggo -
Matthew Franciosi -
Encore Real Estate Investment Services
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Church's Chicken | 1690 Desiard St
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