Arby's NNN Property For Sale — New Iberia, LA
1120 E Admiral Doyle Drive, New Iberia, LA 70560
This Arby's property presents a compelling net lease investment opportunity in New Iberia, LA, within the Lafayette MSA. The asset benefits from a long-term ground lease with over 16 years remaining, featuring attractive rental escalations every five years. Strategically located near a signalized intersection on a primary retail thoroughfare, the property enjoys high visibility and strong traffic counts. The surrounding area boasts a robust retail presence, including major national brands, and a dense residential population with favorable average household incomes, indicating a strong customer base for the tenant.
- Address: 1120 E Admiral Doyle Drive, New Iberia, LA 70560
- Asking price $1.29M
- 5.25% cap rate
- NOI $67,500
- 12.2 years remaining
- NNN lease
- Year built: 2018
- Building size: 2,175 SF
- Lot size: 0.63 acres
- Lease expiration: Nov 30, 2038
- Rent increases: 7.5% every 5 years
- Guarantor: Corporate
Location
This Arby's property is at 1120 E Admiral Doyle Drive in New Iberia, Louisiana.
Asset type: QSR