1102 East Admiral Doyle Drive New Iberia, LA 70560

Listing agency Rockstep Capital

Listed by Neal Maranuk · License #TX

Source Crexi

Added: Apr 10 Updated: Jul 21 at 8:01PM Checked: Jul 21 at 8:01PM

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Investment Insights

Based on property information with market context.

RockStep Capital is offering for sale a Captain D’s Seafood Kitchen restaurant on an absolute NNN ground lease with corporate guarantee. The lease term is 20 years, with two (2) additional 10-year options to extend. Rental increases are structured at 10% every five years during the initial term and at the beginning of each option period. The property was recently completed and opened at a grand opening in December 2018.

The restaurant is located as an outparcel in a dominant retail center anchored by TJMaxx and Stage. The site is directly across from a 24-hour Walmart Supercenter, and the location provides access and visibility from the intersection with an estimated traffic count of approximately 44,000 vehicles per day.

Key Highlights

• Corporate‑guaranteed absolute NNN ground lease for a Captain D’s Seafood Kitchen restaurant
• 20‑year ground lease term with two (2) 10‑year extension options
• 10% rental increases every five (5) years during the initial term and at the start of each option period

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FAQs

What type of property is this?

Conventional restaurant - Corporate-guaranteed absolute NNN ground lease for a Captain D’s Seafood Kitchen, completed in 2018 and supported by extension options.

Where is this conventional restaurant located?

The property is located at 1102 East Admiral Doyle Drive New Iberia, LA.

What are key features of this property?

This property features: Corporate‑guaranteed absolute NNN ground lease for a Captain D’s Seafood Kitchen restaurant; 20‑year ground lease term with two (2) 10‑year extension options; 10% rental increases every five (5) years during the initial term and at the start of each option period