1119 Landry St Opelousas, LA 70570
- Retail properties
- 4,997 SF
- 1.88 lot acres
Current Use by Public Records
- Chick-fil-A / Chicken Restaurant / Delivery Service
Property Details for 1119 Landry St
- Year built
- 2023
- Lot size
- 1.88 lot acres
- Property size
- 4,997 SF
- Property type
- Retail properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Opelousas
- County
- St. Landry Parish
- State
- Louisiana
- Longitude
- -92.0708
- Latitude
- 30.5315
