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    1119 Landry St Opelousas, LA 70570

    Sponsored
    For Sale
    $6,238,556

    15-Year NNN Lease, Strong ROI

    Property size:
    4,997 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a brand-new, 4,997 square foot Chick-fil-A restaurant in Opelousas, Louisiana. Built in 2023, this Class A property sits on a substantial 1.88-acre lot and boasts a 15.1-year absolute NNN lease with thirteen 5-year renewal options. The lease features 10% rent bumps every five years, providing a strong hedge against inflation. The corporate guarantee from Chick-fil-A, Inc. ensures financial stability. This single-tenant property enjoys 100% occupancy and generates a substantial NOI of $280,735, representing a 4.50% cap rate. The property includes 76 parking spaces and is strategically located on E. Landry St (US-190), a high-traffic area with over 22,000 vehicles per day, and near Interstate-49 (50,315 vehicles per day). Its prime location is further enhanced by its proximity to major retailers like Lowe's, Walmart, and other national brands. The strong demographics within a 5-mile radius, including over 29,000 residents with an average household income exceeding $62,000, contribute to the property's exceptional value. The location's proximity to a major hospital and significant commercial development further solidifies its long-term potential. This is a rare opportunity to acquire a fee-simple ownership of a high-performing Chick-fil-A in a thriving retail corridor. The asking price is $6,238,556, with a price per square foot of $1,248.46. The property's address is 1119 E Landry St, Opelousas, LA 70570. APN: 0103786000A.

    Property Features for 1119 Landry St

    General Information

    Property type
    Restaurants
    Square Feet
    4,997 SF
    Class
    A
    Lot Size
    81,893 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $6,238,556 asking price for this Class A, 4,997 SF Chick‑fil‑A.
    • Absolute NNN lease with corporate guarantee.
    • 14.1 years remaining on a 15.1‑year lease, commencing December 1, 2023, with thirteen 5‑year renewal options.
    • $1,248.46 price per square foot, 4.50% cap rate, and $280,735 annual NOI.
    • 10% rent bumps every 5 years.
    • Located on a 1.88‑acre lot with 76 parking spaces in Opelousas, LA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chick-fil-A Fast Food Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Opelousas
    County
    St. Landry Parish
    State
    Louisiana
    Longitude
    -92.070802119709
    Latitude
    30.531536761309

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      Opelousas Chick-fil-A NNN Lease

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    FAQs

    What type of property is this?
    Restaurant - 15-Year NNN Lease, Strong ROI
    Where is this restaurant located?
    The property is located at 1119 Landry St Opelousas, LA.
    What is the asking price?
    The asking price for this property is $6,238,556.
    What are key features of this property?
    This property features: $6,238,556 asking price for this Class A, 4,997 SF Chick-fil-A.; Absolute NNN lease with corporate guarantee.; 14.1 years remaining on a 15.1-year lease, commencing December 1, 2023, with thirteen 5-year renewal options.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1119 Landry St Opelousas, LA 70570
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