Chick-fil-A, Opelousas, Louisiana

1119 E. Landry Street no-imageVIEW MAP

Property Information

Price: $6,238,556

Cap Rate: 4.50%
NOI: $280,735
Lease Term: 15 Years
Lease Type: Absolute NNN
Building Size: Approximately 4,997 Square Feet
Year Built: 2023
Status: Available
Lead Broker Information:

Randy Bell


Property Description

Investment Highlights

  • Brand-New 15 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Thirteen (5-Year) Options to Renew
  • 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Corporately Guaranteed Lease by Chick-fil-A, Inc. – a Best in Class Tenant with Over $18.8 Billion in Annual Revenue and 3,000+ Locations in 48 States – Chick-fil-A is the Industry Leader in Average Unit Volume with Over $8.7 Million in Sales Per Location in Their Freestanding Stores, Representing More Than Twice As Much within Their Category as 2nd Place Panera Bread
  • New Construction, Pride of Ownership Asset Featuring Chick-fil-A’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
  • Intrinsic Value Asset – Large Format Restaurant at 4,997 Square Feet Situated on a Massive 1.88-Acre Parcel
  • Features a Double-Thru Bay with a 34 Car Stack, 76 Parking Spaces & 116 Total Seats – Providing Chick-fil-A with the Ability to Handle Extremely High Restaurant Volume
  • High Traffic Location with Excellent Interstate Visibility – Over 22,000 Vehicles Per Day on E. Landry St (US-190) with an Additional 50,315 Vehicles Per Day on Interstate-49
  • Strong Demographics – More Than 29,000 Residents with an Average Household Income Exceeding $62,000 within a 5-Mile Radius of the Property
  • Over 1.32 Million Square Feet of Industrial & Office Space and 1.02 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 1,100 Businesses & 10,500 Employees
  • Located in the Strongest Retail Corridor in Opelousas – Surrounded by Many National Retailers Including Lowes, RaceTrac, Walmart, McDonald’s, CVS Pharmacy, Wendy’s & Many Others
  • Strategically Positioned Across from a Lowe’s Home Improvement Store That Has Seen More Than 511,000 Visits During the Last Calendar Year
  • Approximately 1.1 Miles from the 197 Bed Opelousas General Health System Hospital – Main Campus with Over $627 Million in Total Patient Revenue in 2022 and a Staff of More Than 1,100 Healthcare Professionals, Making it the City’s 2nd Largest Employer