5855 Chef Menteur Highway Archives | Sands Investment Group

Sands Investment Group is Pleased to Exclusively Offer for Sale the 768 SF C-Store Absolute NNN Asset Located at 5855 Chef Menteur Highway in New Orleans, LA. This Deal Features an Absolute Triple Net Lease For 12+ More Years, Placing All Responsibility on the Tenant (Zero Landlord Responsibility) and Providing the Landlord With a Steady and Dependable Income, Providing For a Secured Investment.

ABSOLUTE TRIPLE NET (NNN) LEASE STRUCTURE: This Deal Features an Absolute Triple Net Lease For 12+ More Years, Placing All Responsibility on the Tenant (Zero Landlord Responsibility) and Providing the Landlord With a Steady and Dependable Income
RENTAL INCREASES: The Lease Incorporates 2% Annual Rent Escalation, Allowing the Landlord to Benefit From the Growth in Property Value and Hedge Against Inflation
GUARANTEE: The Lease is Guaranteed Corporately By Kings Oil and a Personal Guarantee
STRONG DEMOGRAPHICS: This Site Has Approximately 200,000 Residents Living Within a 5-Mile Radius and Benefits From a High Traffic Count of Over 35,000 Vehicles Per Day
STRATEGICALLY SITUATED: Located Less Than 5-Miles From the French Quarter and Superdome Which Are Major Tourist Attractions in New Orleans; New Orleans Sees Over 19 Million Visitors Annually
TAX INCENTIVES: C-Store Investments Offer Increased Depreciation Expenses Providing For a Major Tax Incentive (Consult Your CPA)
TENANT PROFILE: Kings Oil Is a Well Known C-Store Operator, Who Has Grown to 128+ Locations (in 12 States) By Being a Top Provider of Consistent Service, Fuel, Grocery and Food

In Cooperation With Sands Investment Group Louisiana, LLC – Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman – Lic. LA #BROK.0995700567-ACT

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Sands Investment Group is Pleased to Exclusively Offer For Sale the Convenience Store Investment Property Located at 5855 Chef Menteur Highway in New Orleans, Louisiana.

Brand New 17 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
2% Annual Rent Increases With Four 5-Year Options
Established Operator of Convenience Stores in Louisiana & Texas That Currently Operates 40+ Locations
Strong Store Performance – 2.30x Rent Coverage
Excellent Visibility From Chef Menteur Hwy and Downman Road With Multiple Points of Ingress and Egress
Over 33,300 VPD Travel Along Chef Menteur Hwy
Signalized Corner Location Located in Dense Trade Area
Strong Demographics – Over 200,700 Residents Live Within a 5-Mile Radius
Close Proximity and Access to Major Thoroughfares – I-510, I-10 and U.S. Route 90
Located Less Than 5-Miles From the French Quarter and Superdome Which are Major Tourist Attractions in New Orleans; More That 19 Million Visitors Travel to New Orleans Annually
Nearby Tenants Include: Domino’s, Super 8, Rainbow, Wendy’s, Taco Bell, Walmart, Raising Cane’s, Burger King, McDonald’s, Popeyes, Dollar General and More