1687 Dove Park Rd

5, LA

Features of 1687 Dove Park Rd

Total Size
3,800 sqft
Zoning
HC2
Year Constructed
0
Year Renovated
0
Building Class

About 1687 Dove Park Rd

McDonald's NNN Ground Lease Investment

Location - INTERSTATE 12 & LA Highway 59 (HARD CORNER - Double drive thru)

1687 Dove Park Rd, Mandeville, LA 70471

Mandeville is the most sought after suburb of the New Orleans MSA for extremely low crime, high quality of life for executives and families, and the best school districts in the state.

Land Site: 0.965 acres

Buidling: +/- 3800 sf

Lease Review

Corporate Lease – McDonald’s USA, LLC

Term: 20 years with +/- 16 years remaining

Commenced 10/23/2009 + (3) 10 year options.

NOI for the first 120 months is $77,500 annually

Rent increases in 10/2019 to $89,125 annually

Option 1: $102,493.68 annually Option 2: $117,867.72 annually Option 3: $135,547.92 annually

Annual Store Sales (according to www.stdbinc.com): $2,300,000.00 - Tenancy: Single Tenant

Internet Providers for 1687 Dove Park Rd

Provider Technology Max Download Speed Max Upload Speed
6 Mb/s: CHARTER COMMUNICATIONS INC. Cable
1 Gb/s
6 Mb/s
1.5 Mb/s: AT&T Louisiana DSL
10 Mb/s
1.5 Mb/s
3 Mb/s: MegaPath Corporation Copper Wireline
3 Mb/s
3 Mb/s

The City: 5

5
Median Rate
$29
/sqft/yr

Median Rate over Time in 5

[chart]