KFC Restaurant
For Sale
Contact for pricing
3663 General De Gaulle Drive, New Orleans, LA 70114
KFC-branded restaurant property subject to a 15-year NNN lease with scheduled annual increases.
Property Size3,400 SF
Price / SF$273.53
Days on Market72
Property Features for 3663 General De Gaulle Drive
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$76,121
Site & Location
End Cap
No
Drive-Thru
No
Pylon Signage
No
Restaurant
Commercial Hood
No
Grease Trap
No
Patio
No
Equipment Included
No
Liquor License
No
Additional Details
Business Included
Yes
Building Details
Year Built
1994
Tenancy
Single
Abandoned
No
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Aug 6
Changed: Oct 13
Last Checked: Oct 14 at 9:02PM
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 SURMOUNT
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This KFC-branded restaurant property includes approximately 3,400 rentable square feet on an estimated 0.75-acre parcel. Constructed in 1994, the building is located at 3663 General De Gaulle Drive in New Orleans, Louisiana.
The property is subject to a Triple Net lease that began on 7/25/2012 and carries a 15-year term. Contractual rent increases are scheduled at 1.50% annually. The asset combines an established restaurant format with a land parcel supporting the existing building and its commercial use.
The property is subject to a Triple Net lease that began on 7/25/2012 and carries a 15-year term. Contractual rent increases are scheduled at 1.50% annually. The asset combines an established restaurant format with a land parcel supporting the existing building and its commercial use.
Key Highlights
- KFC‑branded restaurant building with approximately 3,400 rentable square feet
- Estimated 0.75‑acre parcel
- 15‑year Triple Net (NNN) lease commenced 7/25/2012
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,981
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,620
$959.6K
Cap Rate 7%
$685,443
$685.4K
Cap Rate 9%
$533,122
$533.1K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$65.3K $19.20/SF
− Vacancy
−$1.3K −$0.38/SF
EGI
$64.0K $18.82/SF
− OpEx
−$16.0K −$4.70/SF
NOI
$48.0K $14.11/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,620
Cap Rate 7%
$685,443
Cap Rate 9%
$533,122
Alternative Uses
Best Use
Specialty Retail
$685.4K
$599.8K – $799.7K
NOI $47,981 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$864.2K
$756.2K – $1.01M
NOI $60,492 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
362k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 20%
Apparel 16%
Groceries 15%
Rouses Market
Groceries
37,510 visits/mo
0.4 miles
T.J. Maxx
Apparel
32,180 visits/mo
0.4 miles
Chick-fil-A
Dining
30,563 visits/mo
0.4 miles
Ross Dress for Less
Apparel
26,936 visits/mo
0.4 miles
McDonald's
Dining
24,456 visits/mo
0.4 miles
Demographics for 70114, LA
23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
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 New Orleans, LA
Frequently Asked Questions
What type of property is this?
Conventional restaurant - KFC-branded restaurant property subject to a 15-year NNN lease with scheduled annual increases.
Where is this conventional restaurant located?
The property is located at 3663 General De Gaulle Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: KFC‑branded restaurant building with approximately 3,400 rentable square feet; Estimated 0.75‑acre parcel; 15‑year Triple Net (NNN) lease commenced 7/25/2012
