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Restaurant

Church's Chicken (Corporate)

1690 Desiard St, Monroe, LA 71201

Listing Price: $1,354,000

Cap Rate
6.20%
Tenant Name
Church's Chicken
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
2,467
Lease Type
Absolute Net
Rent Per Square Feet
$34.03

Investment Overview

This Church’s net leased investment offering is located on Desiard Street, less than a mile from Interstate 20, which boasts over 70,000 Average Daily Traffic count. The property is adjacent the Monroe Public Health Office and across from James Machine Works. There are 89,400+ residents in the five-mile radius and average household income is nearly $57,000. The site consists of roughly 2,476 of rentable square feet on an estimated 0.73 acres of land. This Popeyes is subject to an Absolute NNN lease with over 10 years remaining. The current net operating income is $86,473, with strong scheduled annual CPI rent increases (three percent max). The tenant recently extended Five Years showing their commitment to the location.

Investment Highlights

  • Corporate Guaranteed Absolute NNN Lease
  • Annual CPI Rent Increases (Three Percent Max is Superior to Market) Starting 2025
  • Successful Operating History
  • Recently Five-Year Lease Extension
  • Near Interstate 20 boasting Average Daily Traffic of 74,000
  • Population of 89,400 (Five-Mile Radius)
  • Average Household Income is nearly $57,000 (Five-Mile Radius)

Exclusively Listed By

Restaurant

Church's Chicken (Corporate)

Listing Price: $1,354,000

Cap Rate
6.20%
Tenant Name
Church's Chicken
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
2,467
Lease Type
Absolute Net
Rent Per Square Feet
$34.03

Investment Highlights

  • Corporate Guaranteed Absolute NNN Lease
  • Annual CPI Rent Increases (Three Percent Max is Superior to Market) Starting 2025
  • Successful Operating History
  • Recently Five-Year Lease Extension
  • Near Interstate 20 boasting Average Daily Traffic of 74,000
  • Population of 89,400 (Five-Mile Radius)
  • Average Household Income is nearly $57,000 (Five-Mile Radius)

Investment Overview

This Church’s net leased investment offering is located on Desiard Street, less than a mile from Interstate 20, which boasts over 70,000 Average Daily Traffic count. The property is adjacent the Monroe Public Health Office and across from James Machine Works. There are 89,400+ residents in the five-mile radius and average household income is nearly $57,000. The site consists of roughly 2,476 of rentable square feet on an estimated 0.73 acres of land. This Popeyes is subject to an Absolute NNN lease with over 10 years remaining. The current net operating income is $86,473, with strong scheduled annual CPI rent increases (three percent max). The tenant recently extended Five Years showing their commitment to the location.

Exclusively Listed By

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