2719 Charity St Abbeville, LA 70510

This exceptional investment opportunity presents a freestanding Dairy Queen restaurant in Abbeville, Louisiana. The property, built in 2016, boasts 3,147 square feet on a 0.82-acre lot with 38 parking spaces. The tenant, Dairy Queen, operates under an absolute NNN lease with a corporate guarantee, providing significant security for investors. The current lease commenced January 1, 2022, and extends through December 31, 2039, with a remaining term of 15.1 years. The lease includes four 5-year renewal options. The property generates a substantial net operating income (NOI) of $128,000, representing a 6.00% cap rate at the asking price of $2,319,000. A significant 8.7% rent increase is scheduled for January 2025, with further 6.5% increases every five years thereafter, offering inflation protection. The property enjoys excellent visibility on Charity Street and Veterans Memorial Drive, a high-traffic area with approximately 27,000 vehicles per day. Its strategic location near major retailers like Lowe's, Home Depot, Walmart, and Super 1 further enhances its appeal. The surrounding area demonstrates strong demographics, with a population of 57,274 and an average household income of $77,038 within a 5-mile radius. The property is zoned commercial and its APN is RA384995. This Dairy Queen location offers a compelling combination of a strong tenant, a long-term lease, and a prime location, making it an attractive investment opportunity.