Press Releases
Marcus & Millichap Arranges $2.09M Sale of Dairy Queen Grill & Chill Property in Lafayette, Louisiana
October 23, 2025
LAFAYETTE, La., Oct. 23, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased Dairy Queen Grill & Chill property in Lafayette, Louisiana, for $2,092,000.
Lior Regenstreif, investment specialist in Marcus & Millichap’s Encino office, in association with Steve Greer, Marcus & Millichap’s Louisiana broker of record, had the exclusive listing to market the property on behalf of the seller. Nicholas Kanich and Mitch Grant, investment specialists in the firm’s Chicago Downtown office, procured the buyer, a private 1031 buyer based out of Chicago.
Built in 2014, the 3,144-square-foot Dairy Queen Grill & Chill is at 5732 Johnston St. The property is on 0.81 acres near Acadiana Mall and other major retailers. It features an upgraded drive-thru format and is run by an experienced local franchisee with a strong track record and solid sales performance.
Lior Regenstreif, investment specialist in Marcus & Millichap’s Encino office, in association with Steve Greer, Marcus & Millichap’s Louisiana broker of record, had the exclusive listing to market the property on behalf of the seller. Nicholas Kanich and Mitch Grant, investment specialists in the firm’s Chicago Downtown office, procured the buyer, a private 1031 buyer based out of Chicago.
Built in 2014, the 3,144-square-foot Dairy Queen Grill & Chill is at 5732 Johnston St. The property is on 0.81 acres near Acadiana Mall and other major retailers. It features an upgraded drive-thru format and is run by an experienced local franchisee with a strong track record and solid sales performance.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
