Restaurant For Sale • 5,702 SF
Long-Term, Absolute Triple Net (NNN) Lease |
The lease will feature 10% increases every 5 years, in both the base term and tenant renewal options. |
The lease features a corporate guarantee from Shoney's North America LLC. Shoney's operates over 55 locations throughout 17 states. |
The subject investment property is situated in an affluent community where the average household income within a five-mile radius exceeds $79,000. |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
New Orleans Union Passenger Terminal (City of New Orleans - Amtrak, Crescent - Amtrak, Sunset Limited - Amtrak) | 8 min | - | 5.2 mi |
Airport | Drive | Walk | Distance |
Louis Armstrong New Orleans International | 27 min | - | 19.6 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 55 |
Type: | Surface |
Included in Rent: | Yes |