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Restaurant

HTeaO w/ Dual Dr-Thru - Growing & Popular QSR Brand | Lafayette | 15 Year NNN | 2024 Construction

1606 Kaliste Saloom Rd, Lafayette, LA 70508

Listing Price: $2,127,550

Cap Rate
6.00%
Tenant Name
HTeaO
Years Remaining On Lease
14.9
Gross SF
1,868
Guarantor
Franchisee Guarantee
Rentable SF
1,868
Price/Gross SF
$1,138.95
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.34

Investment Overview

Lafayette is a city in the U.S. state of Louisiana, and the most populous and parish seat of Lafayette Parish, located along the Vermilion River. It is Louisiana’s fourth largest incorporated municipality by population and the 234th-most populous in the United States, with a 2020 census population of 121,374; the consolidated city–parish’s population was 241,753 in 2020. The Lafayette metropolitan area was Louisiana’s third largest metropolitan statistical area with a population of 478,384 at the 2020 census, overtaking the Shreveport–Bossier City metropolitan area in 2015. The Acadiana region containing Lafayette is the largest population and economic corridor between Houston, Texas, and New Orleans. Since the discovery of oil, the city and parish have had the highest number of workers in the oil and natural gas industry in Louisiana as of 2018. With the issuance of a bond ordinance for a series of roads connecting nearby settlements; the establishment of the University of Louisiana System’s Lafayette campus; and the continued diversification of its economy, Lafayette and its metropolitan area have experienced population growth since the 1840 census and was promptly nicknamed “The Hub City.” The city and parish of Lafayette are also known as the “Heart of Acadiana.” As a result of its growth, the city and region have become major centers for the technology industry; Lafayette also became a major center for health care and social services, aerospace, banking and retail. Notable corporations with headquarters or a large presence in the Lafayette area have included Amazon, Brookshire Grocery Company, CGI, JP Morgan Chase, Ochsner Health System, Petroleum Helicopters International, and Rouses Markets.

Investment Highlights

  • 15 Year NNN Lease Featuring 7.5% Rental Increases Every 5 Years in the Initial Term and CPI Adjustment at Each Option. Brand New 2024 Construction w/ Dual Drive-Thru.
  • Adjacent to the Village of River Ranch - an Upscale Planned Community Renowned for its Picturesque Blend of Residential, Commercial, and Recreational Spaces.
  • Positioned Along Area's Traffic, Office & Retail Corridor - Hard Corner Location - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 37k Vehicles.
  • Strong Daytime Employment Area - Near Numerous Established Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • Near Numerous National Retailers including Target, Costco, Dick's Sporting Goods, Kohl's, At Home, Academy Sports, Albertsons, ALDI, Whole Foods, Ross, Petco and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $116k within a 1-Mile Radius and over 144k People Residing within a 5-Mile Radius.
  • In Close Proximity to Our Lady of Lourdes Regional Medical Center - a 230-Bed Facility consisting of Medical, Surgical, and Obstetrical Services. It also offers Behavioral Health, Emergency, and Diagnostic Imaging Services.
  • Minutes from Lafayette Regional Airport - Lafayette Regional is home to one of the Largest Helicopter Companies in the World and has more than 47k Aircraft Operations Annually. In Close Proximity to Numerous Schools providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

Financing By

Restaurant

HTeaO w/ Dual Dr-Thru - Growing & Popular QSR Brand | Lafayette | 15 Year NNN | 2024 Construction

Listing Price: $2,127,550

Cap Rate
6.00%
Tenant Name
HTeaO
Years Remaining On Lease
14.9
Gross SF
1,868
Guarantor
Franchisee Guarantee
Rentable SF
1,868
Price/Gross SF
$1,138.95
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.34

Investment Highlights

  • 15 Year NNN Lease Featuring 7.5% Rental Increases Every 5 Years in the Initial Term and CPI Adjustment at Each Option. Brand New 2024 Construction w/ Dual Drive-Thru.
  • Adjacent to the Village of River Ranch - an Upscale Planned Community Renowned for its Picturesque Blend of Residential, Commercial, and Recreational Spaces.
  • Positioned Along Area's Traffic, Office & Retail Corridor - Hard Corner Location - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 37k Vehicles.
  • Strong Daytime Employment Area - Near Numerous Established Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • Near Numerous National Retailers including Target, Costco, Dick's Sporting Goods, Kohl's, At Home, Academy Sports, Albertsons, ALDI, Whole Foods, Ross, Petco and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $116k within a 1-Mile Radius and over 144k People Residing within a 5-Mile Radius.
  • In Close Proximity to Our Lady of Lourdes Regional Medical Center - a 230-Bed Facility consisting of Medical, Surgical, and Obstetrical Services. It also offers Behavioral Health, Emergency, and Diagnostic Imaging Services.
  • Minutes from Lafayette Regional Airport - Lafayette Regional is home to one of the Largest Helicopter Companies in the World and has more than 47k Aircraft Operations Annually. In Close Proximity to Numerous Schools providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Lafayette is a city in the U.S. state of Louisiana, and the most populous and parish seat of Lafayette Parish, located along the Vermilion River. It is Louisiana’s fourth largest incorporated municipality by population and the 234th-most populous in the United States, with a 2020 census population of 121,374; the consolidated city–parish’s population was 241,753 in 2020. The Lafayette metropolitan area was Louisiana’s third largest metropolitan statistical area with a population of 478,384 at the 2020 census, overtaking the Shreveport–Bossier City metropolitan area in 2015. The Acadiana region containing Lafayette is the largest population and economic corridor between Houston, Texas, and New Orleans. Since the discovery of oil, the city and parish have had the highest number of workers in the oil and natural gas industry in Louisiana as of 2018. With the issuance of a bond ordinance for a series of roads connecting nearby settlements; the establishment of the University of Louisiana System’s Lafayette campus; and the continued diversification of its economy, Lafayette and its metropolitan area have experienced population growth since the 1840 census and was promptly nicknamed “The Hub City.” The city and parish of Lafayette are also known as the “Heart of Acadiana.” As a result of its growth, the city and region have become major centers for the technology industry; Lafayette also became a major center for health care and social services, aerospace, banking and retail. Notable corporations with headquarters or a large presence in the Lafayette area have included Amazon, Brookshire Grocery Company, CGI, JP Morgan Chase, Ochsner Health System, Petroleum Helicopters International, and Rouses Markets.

Exclusively Listed By

Financing By

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