Burger King Drive-Thru NNN
206 E 1st Street Thibodaux, LA 70301
For Sale
Contact for pricing
Single-tenant Burger King with a double drive-thru and renovated to recent brand prototype standards under an absolute NNN lease.
Property Size2,789 SF
Price / SF$940.84
Days on Market18
Property Features for 206 E 1st Street
General Information
- Standard status
- Active
- Size
- 2,789 SF
- Property subtype
- Retail, Hospitality
Building Details
- Year Built
- 1996
Listing Agency:
Red Door Realty Inc
Listed By:
Vic Palazzo · License #18487
Source:
Crexi
Added: Jul 6
Changed: Jul 23
Last Checked: Jul 23 at 3:50AM
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 Red Door Realty Inc
Investment Insights
Based on property information with market context.
This fee simple Burger King property is leased to a single tenant under an absolute NNN structure. The tenant recently executed a 15-year lease commencing January 1, 2025, with 10% rental increases every five years and four (4) five-year renewal options, designed to be management-free with zero landlord responsibilities.
The building was renovated in 2022 to Burger King’s latest brand prototype standards. The site features a double drive-thru configuration to support high customer throughput.
Located just off a signalized hard corner at E. 1st Street (State Highway 1) and Bayou Road, the property benefits from a combined traffic count of approximately 30,000 vehicles per day. The surrounding retail area includes national retailers such as Walmart, Lowe’s, ALDI, CVS Pharmacy, Rouses Markets, Five Guys, and Wendy’s, with proximity to Nicholls State University and Thibodaux Regional Health System.
The building was renovated in 2022 to Burger King’s latest brand prototype standards. The site features a double drive-thru configuration to support high customer throughput.
Located just off a signalized hard corner at E. 1st Street (State Highway 1) and Bayou Road, the property benefits from a combined traffic count of approximately 30,000 vehicles per day. The surrounding retail area includes national retailers such as Walmart, Lowe’s, ALDI, CVS Pharmacy, Rouses Markets, Five Guys, and Wendy’s, with proximity to Nicholls State University and Thibodaux Regional Health System.
Key Highlights
- Single‑tenant Burger King in Thibodaux, LA, leased on an absolute NNN basis to GPS Hospitality Partners IV, LLC.
- 15‑year lease commenced January 1, 2025, with 10% rental increases every five years and four (4) five‑year renewal options.
- Major renovation completed in 2022 to Burger King’s latest brand prototype standards.
Property Analytics
Location Intelligence
Current Use by Public Records
Burger King
Restaurant
FAQs
What type of property is this?
NNN property - Single-tenant Burger King with a double drive-thru and renovated to recent brand prototype standards under an absolute NNN lease.
Where is this nnn property located?
The property is located at 206 E 1st Street Thibodaux, LA.
What is the asking price?
The asking price for this property is $2,624,000.
What are key features of this property?
This property features: Single‑tenant Burger King in Thibodaux, LA, leased on an absolute NNN basis to GPS Hospitality Partners IV, LLC.; 15‑year lease commenced January 1, 2025, with 10% rental increases every five years and four (4) five‑year renewal options.; Major renovation completed in 2022 to Burger King’s latest brand prototype standards.
