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#1 Burger King in LA | 14 Yr | $3.3MM Sales 206 E 1st St 2,789 SF Retail Building Thibodaux, LA 70301 $2,738,000 ($981.71/SF) 5.75% Cap Rate
Investment Highlights
- Recently Executed 15-Year Lease | 10% Rental Increases | Established National Brand | GPS Hospitality (475+ Locations)
- Signalized Hard Corner | ~30K VPD | Dominant Retail Corridor
- Double Drive-Thru Configuration | Recently Renovated Building
- Attractive Yield with Percentage Rent Upside
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- #1 in Louisiana | Top 3% nationwide | $3.3M+ annual sales
Executive Summary
SRS National Net Lease is pleased to present the exclusive opportunity to acquire the fee simple interest in a single-tenant, absolute NNN Burger King located at 206 E. 1st Street in Thibodaux, Louisiana. The property is leased to GPS Hospitality Partners IV, LLC, one of the largest Burger King franchisees in the United States with more than 475 locations. The tenant recently executed a 15-year lease commencing January 1, 2025, featuring 10% rental increases every five years and four (4) five-year renewal options. The absolute NNN lease structure offers zero landlord responsibilities, making this a passive, management-free investment opportunity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,789 SF
Building Class
B
Year Built
2022
Price
$2,738,000
Price Per SF
$981.71
Cap Rate
5.75%
NOI
$157,410
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.67 AC
Zoning
C-1 - General Commercial
Parking
20 Spaces (7.17 Spaces per 1,000 SF Leased)
Frontage
167’ on East 1st Street
Amenities
- Corner Lot
- Pylon Sign
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Burger King is known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined their brand for many successful years.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0020475300 | Improvements Assessment | $39,600 |
| Land Assessment | $4,000 | Total Assessment | $43,600 |
Property Taxes
Parcel Number
0020475300
Land Assessment
$4,000
Improvements Assessment
$39,600
Total Assessment
$43,600
Contacts
-
Hoffman Moore -
Gary Chou -
Thomas Feldman -
Zack Williams -
Matt Coates -
SRS National Net Lease
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#1 Burger King in LA | 14 Yr | $3.3MM Sales | 206 E 1st St
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