Restaurant
Dairy Queen Grill & Chill | Long Term Absolute NNN Lease | Prime Retail Corridor
5732 Johnston St, Lafayette, LA 70503
Listing Price: $2,140,600
Investment Overview
This passive net-leased investment opportunity offers a qualified buyer the chance to purchase a long term NNN leased Dairy Queen Grill & Chill, with 14.5 years remaining on the base term, with four 5-year options and built-in rent increases. The site benefits from its excellent visibility on a prime retail corridor, and is backed by an experienced operator.
ABOUT THE GUARANTOR
Ramandeep Kalra opened his first store in 2007, having been in the food business since 2001, and by 2021, he owned 14 stores spread over AZ, NV, LA and ID. He now operates about 30 units, owning the real estate on 9 of them. He has over 300 employees, and has never sold a store that he operates. All locations are performing well, and as of October 2021 began to expand into California.
LAFAYETTE, LOUISIANA
Lafayette is a key economic and cultural hub in southern Louisiana, known for its strong energy sector, vibrant culinary scene, and steady population base. With over 240,000 residents in the metro area, Lafayette serves as a regional center for healthcare, education, retail, and energy, particularly oil and gas services.
Often referred to as the “Heart of Cajun Country,” Lafayette boasts a rich cultural heritage rooted in French-Acadian traditions. This strong cultural identity not only attracts tourism but also fosters a deep sense of community pride and resilience that supports long-term economic stability.
Dairy Queen Grill & Chill | Long Term Absolute NNN Lease | Prime Retail Corridor
Investment Highlights
- ABSOLUTE NNN LEASE – ZERO LANDLORD RESPONSIBILITIES: NNN Lease requires no landlord responsibilities for maintenance, insurance, taxes, or capital expenditures—ideal for passive investors!
- LONG-TERM LEASE WITH STRONG TENANT COMMITMENT: With 14.5 years remaining on the base term, the lease provides long-term, stable cash flow, featuring built-in rent escalations.
- NATIONAL TENANCY: Dairy Queen is an iconic, global QSR brand with a loyal customer base, operating 7,000+ locations in more than 20 countries, and is a subsidiary of Berkshire Hathaway.
- STRONG OPERATOR – MODERN DQ GRILL & CHILL PROTOTYPE: This DQ Grill & Chill drive-thru location is operated by an experienced franchisee with a proven track record in the market. The upgraded store format attracts a broader customer demographic and supports stronger sales volumes compared to legacy models.
- PRIME RETAIL CORRIDOR – EXCELLENT VISIBILITY Strategically located on Johnston Street (US Hwy 167), one of the busiest commercial arterials in Lafayette, the site benefits from high daily traffic counts, excellent visibility, and proximity to Acadiana Mall and other major destination retailers.
- DENSE, AFFLUENT DEMOGRAPHICS: With over 127,000 residents within a 5-mile radius and strong household income levels, the immediate trade area includes residential neighborhoods, retail centers, and schools, supporting consistent daily foot traffic.
Exclusively Listed By
Broker of Record
Restaurant
Dairy Queen Grill & Chill | Long Term Absolute NNN Lease | Prime Retail Corridor
Listing Price: $2,140,600
Investment Highlights
- ABSOLUTE NNN LEASE – ZERO LANDLORD RESPONSIBILITIES: NNN Lease requires no landlord responsibilities for maintenance, insurance, taxes, or capital expenditures—ideal for passive investors!
- LONG-TERM LEASE WITH STRONG TENANT COMMITMENT: With 14.5 years remaining on the base term, the lease provides long-term, stable cash flow, featuring built-in rent escalations.
- NATIONAL TENANCY: Dairy Queen is an iconic, global QSR brand with a loyal customer base, operating 7,000+ locations in more than 20 countries, and is a subsidiary of Berkshire Hathaway.
- STRONG OPERATOR – MODERN DQ GRILL & CHILL PROTOTYPE: This DQ Grill & Chill drive-thru location is operated by an experienced franchisee with a proven track record in the market. The upgraded store format attracts a broader customer demographic and supports stronger sales volumes compared to legacy models.
- PRIME RETAIL CORRIDOR – EXCELLENT VISIBILITY Strategically located on Johnston Street (US Hwy 167), one of the busiest commercial arterials in Lafayette, the site benefits from high daily traffic counts, excellent visibility, and proximity to Acadiana Mall and other major destination retailers.
- DENSE, AFFLUENT DEMOGRAPHICS: With over 127,000 residents within a 5-mile radius and strong household income levels, the immediate trade area includes residential neighborhoods, retail centers, and schools, supporting consistent daily foot traffic.
Investment Overview
This passive net-leased investment opportunity offers a qualified buyer the chance to purchase a long term NNN leased Dairy Queen Grill & Chill, with 14.5 years remaining on the base term, with four 5-year options and built-in rent increases. The site benefits from its excellent visibility on a prime retail corridor, and is backed by an experienced operator. ABOUT THE GUARANTOR Ramandeep Kalra opened his first store in 2007, having been in the food business since 2001, and by 2021, he owned 14 stores spread over AZ, NV, LA and ID. He now operates about 30 units, owning the real estate on 9 of them. He has over 300 employees, and has never sold a store that he operates. All locations are performing well, and as of October 2021 began to expand into California. LAFAYETTE, LOUISIANA Lafayette is a key economic and cultural hub in southern Louisiana, known for its strong energy sector, vibrant culinary scene, and steady population base. With over 240,000 residents in the metro area, Lafayette serves as a regional center for healthcare, education, retail, and energy, particularly oil and gas services. Often referred to as the “Heart of Cajun Country,” Lafayette boasts a rich cultural heritage rooted in French-Acadian traditions. This strong cultural identity not only attracts tourism but also fosters a deep sense of community pride and resilience that supports long-term economic stability.
Exclusively Listed By
Broker of Record
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