Slidell, LA - Burger King

Description:

• The tenant, GPS Hospitality Partners IV, LLC, will execute a brand-new 20-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• GPS Hospitality Partners IV, LLC is an experienced QSR franchisee with a 190-unit guarantee
• The lease will feature scheduled rental increases of 8% every five years and at the beginning of each option, generating NOI and hedging against inflation

• Burger King is strategically fronting Old Spanish Trail averaging 18,200 VPD
• Located directly off Interstate 10 (84,300 VPD), allowing users to benefit from direct on/off ramp access to the subject site and surrounding trade areas
• The immediate trade area is supported by surrounding neighborhoods, providing a steady consumer base from which to draw
• The asset benefits from excellent frontage and access, providing ease and convenience for customers