KFC Restaurant
New
For Sale
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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 Market5
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:
Hannan Ben Yosef · License #NY 10401358655
Source:
Crexi
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 10 at 2:36AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,981
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in New Orleans, LA
Questions? Ask Rey
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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
