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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1119 Landry St Opelousas, LA 70570

4,997 SF 1.88 ac lot Built 2023
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 2023
Total area 4,997 SF
Lot 1.88 ac (81,893 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Chick-fil-A Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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