For Sale
$1,421,874

3205 Gerstner Memorial DrLake Charles, LA 70601

High-ROI Chili's, NNN Ground Lease, Louisiana

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 7,313 sq ft Chili's restaurant in Lake Charles, LA, situated on a 1.1-acre lot at 3205 Gerstner Memorial Dr, 70601. Boasting a strong, creditworthy corporate tenant with a 20-year lease (expiring 09/15/2026, with 2 years remaining and option periods), this property offers a secure, passive income stream. The absolute NNN ground lease ensures 100% responsibility for property taxes, insurance, and maintenance rests with the tenant. The property benefits from a high-traffic location with direct access to I-210 (approx. 48,800 vehicles per day), proximity to McNeese State University and Chennault International Airport, and is part of a thriving retail corridor including national brands like Walmart, Home Depot, and others. The strong demographics (86,834 people within a 5-mile radius) and the nearby Golden Nugget Hotel & Casino further enhance the property's value and potential for consistent revenue generation. The current NOI is $91,000, representing a 6.40% cap rate on the asking price of $1,421,874. This is a rare opportunity to acquire a well-established, high-performing restaurant property with significant long-term growth potential.

Highlights

  • Strong Chili's tenant with 25+ years of operation and recent lease renewal.
  • Absolute NNN ground lease providing passive income.
  • Excellent demographics: 86,834 people within 5 miles, near McNeese State University.
  • High-density retail corridor near I-210 with strong national tenants.
  • High-visibility location with direct I-210 access (approx. 48,800 VPD).
  • Proximity to Chennault International Airport and Golden Nugget Casino.

Property Details for 3205 Gerstner Memorial Dr

Property type
Retail properties, Restaurants
Lot Size (sq. ft)
47,916 SF

Location Insight

City
Lake Charles
County
Calcasieu Parish
State
Louisiana
Latitude
30.1986875
Longitude
-93.1794957
3205 Gerstner Memorial Dr, Lake Charles, Louisiana

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3205 Gerstner Memorial Dr
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