Freestanding Drive-Through
For Sale
$1,445,810
3301 Pontchartrain Dr, Slidell, LA 70458
Freestanding QSR with a corporate-backed NNN ground lease and multiple renewal options.
Property Size3,307 SF
Price / SF$437.20
Days on Market48
Property Features for 3301 Pontchartrain Dr
General Information
Standard status
Active
Size
3,307 SF
Property subtype
Restaurant
Amenities
Corporate-Guaranteed NNN Ground Lease by McDonald's Corporation (NYSE: MCD) with Zero Landlord Responsibilities
±2 Years Remaining with Four (4) Five-Year Renewal Options Extending Through 2048
Scheduled 10% Rent Increases Every 5 Years
Long-Operating McDonald's Location Since 2008, Demonstrating Nearly 18 Years of Tenant Commitment
Positioned Along Pontchartrain Drive (±13,750 VPD) with Convenient Access to Interstate 10
Located Within the New Orleans MSA (972,261 Residents) with Major Employers Including Ochsner Health, Tulane University, and Entergy
Building Details
Building Size
3,307 SF
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Sep 12
Changed: Oct 26
Last Checked: Oct 28 at 5:33AM
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 Marcus & Millichap - Los Angeles
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Investment Insights
Based on property information with market context.
This freestanding drive-through restaurant contains ±3,307 square feet on ±1.06 acres and was built in 2008. The property operates under a corporate-guaranteed NNN ground lease with approximately 2 years remaining through July 2028, four five-year renewal options, zero landlord responsibilities, scheduled 10% rent increases every five years, and a 4.50% cap rate. Potential tenant occupancy extends through 2048 under the stated renewal structure.
The property is located at 3301 Pontchartrain Drive in Slidell, along a commercial corridor carrying approximately 13,750 VPD. Pontchartrain Drive connects central Slidell with Interstate 10 and Fremaux Avenue. Nearby businesses include Chase, Wendy's, Ace Hardware, Walgreens, and Dollar General. The site is approximately 29 miles from New Orleans within the Greater Northshore trade area.
The property is located at 3301 Pontchartrain Drive in Slidell, along a commercial corridor carrying approximately 13,750 VPD. Pontchartrain Drive connects central Slidell with Interstate 10 and Fremaux Avenue. Nearby businesses include Chase, Wendy's, Ace Hardware, Walgreens, and Dollar General. The site is approximately 29 miles from New Orleans within the Greater Northshore trade area.
Key Highlights
- ±3,307‑square‑foot freestanding drive‑through restaurant built in 2008
- ±1.06‑acre site at 3301 Pontchartrain Drive, Slidell, LA 70458
- Corporate‑guaranteed NNN ground lease with approximately 2 years remaining through July 2028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,121
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,420
$1.2M
Cap Rate 7%
$844,586
$844.6K
Cap Rate 9%
$656,900
$656.9K
Market Conditions
NOI Build-Up for 3,307 SF
Gross rent
$82.5K $24.96/SF
− Vacancy
−$3.7K −$1.12/SF
EGI
$78.8K $23.84/SF
− OpEx
−$19.7K −$5.96/SF
NOI
$59.1K $17.88/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,420
Cap Rate 7%
$844,586
Cap Rate 9%
$656,900
Alternative Uses
Best Use
Specialty Retail
$844.6K
$739.0K – $985.4K
NOI $59,121 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$35.65M
$31.19M – $41.59M
NOI $2,495,489 @ 7.0% cap · market cap 172.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Shops & Services 30%
Dining 25%
Home Improvements & Furnishings 5%
Walmart Neighborhood Market
Groceries
36,562 visits/mo
0.3 miles
McDonald's
Dining
16,275 visits/mo
0.1 miles
Dollar General
Shops & Services
6,865 visits/mo
0.3 miles
Shell
Shops & Services
6,164 visits/mo
0.1 miles
Chevron
Shops & Services
5,217 visits/mo
0.5 miles
Demographics for 70458, LA
37,798
Population
17,026
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
1,809
Density / Sq Mi
$69,816
Median Household Income
$44,368
Median Earnings
$1,400
Median Rent
$227,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding QSR with a corporate-backed NNN ground lease and multiple renewal options.
Where is this drive through restaurant located?
The property is located at 3301 Pontchartrain Dr Slidell, LA.
What is the asking price?
The asking price for this property is $1,445,810.
What are key features of this property?
This property features: ±3,307‑square‑foot freestanding drive‑through restaurant built in 2008; ±1.06‑acre site at 3301 Pontchartrain Drive, Slidell, LA 70458; Corporate‑guaranteed NNN ground lease with approximately 2 years remaining through July 2028
