Restaurant
Chick-fil-A
4130 General De Gaulle Dr, New Orleans, LA 70131
Listing Price: $2,725,000
Investment Overview
New construction 4,500 square foot Chick-fil-A delivered in 2022, featuring a large patio and double drive through. Tenant has committed to an unusual 20-year base term indicating a high degree of confidence on the location. The subject is the only Chick-fil-A location in the Algiers section of New Orleans and is an outparcel to Winn-Dixie anchored Algiers Plaza, the dominant shopping destination in Algiers.
The subject property is offered with a new absolute net ground lease in place guaranteed by Chick-Fil-A, Inc. The lease features base rent increases every 5-Years during the primary term and upon commencement of each option period. The tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. There are zero landlord responsibilities relating to the property or shopping center.
Exclusively Listed By
Financing By
Listing Price: $2,725,000
Investment Highlights
- NEW CONSTRUCTION CHICK-FIL-A WITH A DOUBLE DRIVE-THROUGH
- OUTPARCEL TO A SUBMARKET DOMINANT GROCERY ANCHORED SHOPPING CENTER
- 20 YEAR ABSOLUTE NET GROUND LEASE WITH RENT INCREASES
- ALGIERS | NEW ORLEANS MSA
- INDUSTRY LEADING QSR TENANT
Investment Overview
New construction 4,500 square foot Chick-fil-A delivered in 2022, featuring a large patio and double drive through. Tenant has committed to an unusual 20-year base term indicating a high degree of confidence on the location. The subject is the only Chick-fil-A location in the Algiers section of New Orleans and is an outparcel to Winn-Dixie anchored Algiers Plaza, the dominant shopping destination in Algiers. The subject property is offered with a new absolute net ground lease in place guaranteed by Chick-Fil-A, Inc. The lease features base rent increases every 5-Years during the primary term and upon commencement of each option period. The tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. There are zero landlord responsibilities relating to the property or shopping center.
Exclusively Listed By
Financing By
