River Ridge (New Orleans), LA 70123

McDonald's Ground Lease

Property Address

9601 Jefferson Highway, River Ridge, LA, USA

Offering Summary

  • Price: $2,084,000
  • Lot Size: .96 Acres
  • Year Built: 1983/2018
  • Building SF: 3,608
  • Status: Closed
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  • 15 Years Remaining on Absolute Triple-Net (NNN) Corporate Ground Lease with McDonald's (NYSE: MCD)
  • 10 Percent Rental Increases Every Five Years
  • Original Building from 1983 was Completely Demolished and Rebuilt to McDonald's Newest Prototype in 2018
  • Long Term Tenancy - McDonald's has Operated at This Location for 40+ Years, Showing Commitment to the Site
  • Excellent Frontage Along Jefferson Highway (24,000 Cars per Day)
  • Dense Location in the New Orleans MSA with 204,320 Residents in a Five-Mile Radius
  • Outparcel to Breaux Mart Grocery Store and CVS
  • Average Household Income Exceeds $113,000 in the Immediate Area
  • Located within a 25-Minute Drive of Downtown New Orleans and Louis Armstrong New Orleans International Airport

Broker Information