Church's Chicken Restaurant
La Place, LA 70068-3330
1601 W Airline Hwy Logo Image
1601 W Airline Hwy
La Place, LA 70068-3330
  • Asking Price: $963,140
  • Cap Rate: 6.60%
  • Lease Type: Absolute NNN
  • Status: Available
PROPERTY DETAILS:

Absolute NNN Lease Zero landlord responsibilities and totally passive real estate investment. Tenant Pays directly for 100% of CAM, taxes, and insurance, and self-maintains the premises including repairs and replacements to the roof and structure. Corporate Lease There are over 1,500 corporate and franchised locations throughout the US. The parent company has investment grade credit of BBB- by Standard & Poor’s. Favorable Annual Increases 1.5% annual rental increases throughout the primary term and each of the two 10-year option periods. Signalized Intersection Strong exposure to combined traffic counts exceeding 38,000 vehicles per day. Low Rent – To – Sales Ratio The property features low rent and strong sales with a healthy rent-to-sales ratio of 6.28%. Strong Regional Market This property is an outlot to Laplace’s Center on a major retail corridor with several national tenants in the immediate area including the Walmart Supercenter, Home Depot, Winn- Dixie, Walgreens, CVS, McDonald’s, Wendy’s, Pizza Hut, and Dollar Tree, among others. Louis Armstrong International New Orleans Airport Less than 30 minutes from the Louis Armstrong International New Orleans Airport. It is the fifth fastest growing airport in the US and one of the busiest airports in the Southeastern United States.