Thibodaux, LA - Burger King

Description:

SRS National Net Lease is pleased to present the exclusive opportunity to acquire the fee simple interest in a single-tenant, absolute NNN Burger King located at 206 E. 1st Street in Thibodaux, Louisiana. The property is leased to GPS Hospitality Partners IV, LLC, one of the largest Burger King franchisees in the United States with more than 475 locations. The tenant recently executed a 15-year lease commencing January 1, 2025, featuring 10% rental increases every five years and four (4) five-year renewal options. The absolute NNN lease structure offers zero landlord responsibilities, making this a passive, management-free investment opportunity.

This location is the #1 performing Burger King in the State of Louisiana and a top 3% location nationally per Placer.ai, generating $3.3 million in 2025 sales. With a rent-to-sales ratio of approximately 5.7% — well below the QSR industry average — the store demonstrates exceptional unit-level profitability. The property underwent a major renovation in 2022 to Burger King’s latest brand prototype standards and features a double drive-thru configuration designed to support high customer throughput.

The property sits just off of the signalized hard corner at E. 1st Street (State Highway 1) and Bayou Road with a combined traffic count of approximately 30,000 vehicles per day. The site is surrounded by national retailers including Walmart, Lowe’s, ALDI, CVS Pharmacy, Rouses Markets, Five Guys, and Wendy’s, and benefits from close proximity to Nicholls State University and Thibodaux Regional Health System.

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Listing ID: a28TP000002OyrVYAS