Absolute NNN Restaurant Ground
For Sale
Contact for pricing
1120 E Admiral Doyle Dr, New Iberia, LA 70560
Single-tenant quick-service restaurant leased under an absolute NNN ground lease with renewal options.
Property SizeContact for details
Lot Size0.63 Acres
Days on Market143
Property Features for 1120 E Admiral Doyle Dr
General Information
Standard status
Active
Lot size
0.63 Acres
Property subtype
Retail
Occupancy
100%
Additional Details
Road Access
Yes
Land Use
commercial
Building Details
Tenancy
Single
Listing Agency:
Transwestern Houston
(817) 877-4433
Listed By:
Bill Behr · License #TX 351049
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 7:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Transwestern Houston
Investment Insights
Based on property information with market context.
This single-tenant restaurant property includes a 27,312 square foot land parcel improved with a 1,994 square foot Captain D’s Seafood Kitchen. The asset is subject to an absolute triple-net ground lease that began in November 2018, providing a defined lease structure for the property.
The initial lease term is twenty years, followed by two 10-year renewal options with 10% rent increases. Located at 1120 East Admiral Doyle Drive in New Iberia, the property serves as an outparcel to TJMaxx and Stage and sits across State Highway 674 from a Walmart Supercenter. The surrounding retail area includes Chick-fil-A, O’Reilly’s Auto Parts, Starbucks, PetSmart, Walgreens, and other national retailers. State Highway 674 carries more than 20,000 vehicles per day, and Lafayette is 21 miles northwest.
The initial lease term is twenty years, followed by two 10-year renewal options with 10% rent increases. Located at 1120 East Admiral Doyle Drive in New Iberia, the property serves as an outparcel to TJMaxx and Stage and sits across State Highway 674 from a Walmart Supercenter. The surrounding retail area includes Chick-fil-A, O’Reilly’s Auto Parts, Starbucks, PetSmart, Walgreens, and other national retailers. State Highway 674 carries more than 20,000 vehicles per day, and Lafayette is 21 miles northwest.
Key Highlights
- Absolute triple‑net ground lease commenced November 2018
- 27,312 square foot pad site improved with a 1,994 square foot restaurant
- Initial twenty‑year lease term with two 10‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
474k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Superstores 19%
Groceries 18%
Apparel 14%
Walmart
Superstores
87,974 visits/mo
0.3 miles
Rouses Market
Groceries
40,468 visits/mo
0.3 miles
Super 1 Foods & Pharmacy
Groceries
38,436 visits/mo
0.3 miles
T.J. Maxx
Apparel
31,718 visits/mo
0.0 miles
Five Below
Shops & Services
31,392 visits/mo
0.1 miles
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant quick-service restaurant leased under an absolute NNN ground lease with renewal options.
Where is this nnn property located?
The property is located at 1120 E Admiral Doyle Dr New Iberia, LA.
What are key features of this property?
This property features: Absolute triple‑net ground lease commenced November 2018; 27,312 square foot pad site improved with a 1,994 square foot restaurant; Initial twenty‑year lease term with two 10‑year renewal options
