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Gretna, LA - DQ Grill & Chill

$2,140,000

78 Westbank Expressway, Gretna, LA 70053

Active
Last Updated: 04/17/2025

6.5

Cap Rate

139,141

NOI

Details:
Cap Rate:    6.5%
NOI:    $139,141
Building Size:    2,382 sqft
Lot Area:    0.61 acres
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    2014
Tenancy:    Single
Description:

• More than 14 years remaining on the lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features rental increases in years 4, 9, 14, and at the beginning of each option, generating NOI and hedging against inflation
• The lease is franchisee guaranteed
• With over 7,000 global locations, Dairy Queen is among the largest quick service restaurants, and is most known for their wide array of soft serve ice cream options
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for an out-of-state, passive investor

• Dairy Queen is located off Westbank Expressway (100,400 VPD), providing direct on/off ramp access for travelers
• The immediate trade area is supported by surrounding retailers such as The Home Depot, Walgreens, Floor & Decor, Best Buy, Office Depot, and more
• The freestanding building is complete with a drive-thru to maximize both sales and convenience to the dense customer base immediately surrounding the site
• More than 337,000 residents and 251,000 employees support the trade area
• $91,259 average household income

Map:
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