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Dairy Queen Operated by 250+ Unit Franchisee 5435 Cypress St 2,562 SF Retail Building West Monroe, LA 71291 $2,027,369 ($791.32/SF) 6.50% 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
$2,027,369
Price Per SF
$791.32
Cap Rate
6.50%
NOI
$131,779
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.02 AC
Zoning
B-3 - General Business District
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27733 | Improvements Assessment | $290 |
| Land Assessment | $28,388 | Total Assessment | $28,678 |
Property Taxes
Parcel Number
27733
Land Assessment
$28,388
Improvements Assessment
$290
Total Assessment
$28,678
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Dairy Queen Operated by 250+ Unit Franchisee | 5435 Cypress St
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