1119 Landry StOpelousas, LA 70570

Property Details for 1119 Landry St

Year built

2023

Lot size

1.88 AC

Property size (Sq ft)

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.

Location Insight

City

Opelousas

County

St. Landry Parish

State

Louisiana

Latitude

30.5315

Longitude

-92.0708

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