Burger King | New 20yr Abs NNN SLB | DrThru | 1829 Old Spanish Trl
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Burger King | New 20yr Abs NNN SLB | DrThru 1829 Old Spanish Trl
3,000 SF Retail Building Slidell, LA 70458 £1,420,200 (£473/SF) 5.83% Net Initial Yield
Investment Highlights
- Brand New 20-Year Sale-Leaseback | Scheduled Rental Increases |GPS Hospitality Partners IV, LLC - Strong Operator | Options to Extend
- Fronting Old Spanish Trail | Directly Off Interstate 10 | Surrounding Residential Consumer Base
- Proximity to New Orleans
- Absolute NNN Sale-Leaseback | Zero Landlord Responsibilities
- Brand New Construction | Drive-Thru Equipped | 2024 Construction
Executive Summary
• The tenant, GPS Hospitality Partners IV, LLC, will execute a brand-new 20-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• GPS Hospitality Partners IV, LLC is an experienced QSR franchisee with a 190-unit guarantee
• The lease will feature scheduled rental increases of 8% every five years and at the beginning of each option, generating NOI and hedging against inflation
• GPS Hospitality Partners IV, LLC is an experienced QSR franchisee with a 190-unit guarantee
• The lease will feature scheduled rental increases of 8% every five years and at the beginning of each option, generating NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Year Built
2024
Price
£1,420,200
Price Per SF
£473
Net Initial Yield
5.83%
NOI
£82,845
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.78 AC
Zoning
C-4 - Highway Commercial
Parking
6.67 Spaces per 1,000 SF Leased
Amenities
- 24 Hour Access
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Burger King
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Burger King | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
PROPERTY TAXES
| Parcel Number | 134424 | Improvements Assessment | £4,582 |
| Land Assessment | £0 | Total Assessment | £4,582 |
PROPERTY TAXES
Parcel Number
134424
Land Assessment
£0
Improvements Assessment
£4,582
Total Assessment
£4,582
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Michael Berk -
SRS Real Estate Partners
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Burger King | New 20yr Abs NNN SLB | DrThru | 1829 Old Spanish Trl
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