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Dairy Queen Operated by 250+ Unit Franchisee 5435 Cypress St 2,562 SF Retail Building West Monroe, LA 71291 $2,108,464 ($822.98/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Largest Franchisee Operator
- Absolute NNN Lease
- Strong Guaranty
- Long-Term Commitment
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Dairy Queen located at 5435 Cypress Street, West Monroe, LA 71291. The site consists of roughly 2,562 rentable square feet of building space on an estimated 1.02-acre parcel of land. This Dairy Queen is subject to a 20-year Triple Net (NNN) lease, which commenced 11/21/2018. The current annual rent is $131,779 and has scheduled increases of 8.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,562 SF
Building Class
C
Year Built
2014
Price
$2,108,464
Price Per SF
$822.98
Cap Rate
6.25%
NOI
$131,779
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.02 AC
Zoning
B-3 - General Business District
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27733 | Improvements Assessment | $62,256 |
| Land Assessment | $27,904 | Total Assessment | $90,160 |
PROPERTY TAXES
Parcel Number
27733
Land Assessment
$27,904
Improvements Assessment
$62,256
Total Assessment
$90,160
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Dairy Queen Operated by 250+ Unit Franchisee | 5435 Cypress St
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