437 N Airline Hwy, Gonzales, LA 70737

Local QSR Concept with Home Court Advantage | 4.65% Rent-to-Sales Ratio

• Off The Hook, founded in nearby Thibodaux, benefits from strong local recognition and brand loyalty, further boosting foot traffic to the Property.

• Off The Hook’s current success is seen in their low rent-to-sales ratio of 4.65%, which creates a greater likelihood of long-term tenancy. Off The Hook is now in their 1st option period with only two more remaining, allowing an owner future flexibility.

• There are currently 8 total Off The Hook locations throughout Louisiana with plans for at least 4 more in the immediate term. The average ticket for Off The Hook is approximately $18, with almost 70% of total sales coming from drive-thru ordering.

Excellent Intrinsic Value | Diverse Income Streams | Absolute NNN Leases

• The Property rests on a 0.89-acre parcel and features a 3,847 SF building with a drive-thru. The Property has two curb cuts onto Airline Highway as well as shared access with the adjacent Chick-Fil-A, allowing for access to and from the signalized intersection. Approximately 32,500+ vehicles per day pass by, creating strong visibility.

• The Property is subject to an Absolute NNN lease with two (2) additional lease agreements, creating a diverse income stream, without management responsibilities.

  • Off The Hook (“OTH”): Now in their 1st option period, has 2% annual increases and is backed by a corporate guarantee and guarantees from each of its three (3) principals. OTH pays for all taxes and insurance for the entire premises.

  • Chase Bank Parking Agreement: Chase Bank leases five (5) parking spaces in the southeast corner of the Property. This Agreement, signed in 2018 and permitted in the OTH lease, is currently in the 1st option period with only 1 more option remaining. Chase Bank has approached the landlord regarding a lease extension with increased rent.

  • Billboard: The Property also features a billboard lease with 15 years remaining, the rent is paid annually, and the billboard is positioned so as not to interfere with future re-development. This Agreement is a direct landlord lease and is with an affiliate of OTH.

Excellent Residential and Daytime Population Synergies | Fastest Growing Parish in Louisiana

• There are approximately 31,000 residents within the immediate area, as demonstrated by the success of Off The Hook as well as neighboring tenants, these residents use Airline Highway for dining and everyday essentials. Additionally, Gonzales is a part of Ascension Parish which is the #2 fastest-growing parish statewide that grew by over 23% from 2014 to 2024.

• In addition, the Property benefits from being in close proximity to area daytime employees, providing an additional recurring customer base.

Highly Trafficked Retail Corridor | Next to New Chick-fil-A & Chase Bank – $182M in Deposits

• Airline Highway serves as Gonzales main retail corridor, which the Property benefits from being in the dead-center of.

• The Property is positioned in between a brand-new Chick-fil-A to the north which is set to open in the spring of 2025 and Chase Bank to the south. Chase has the highest bank branch deposits in the area. The next closest Chick-Fil-A sees approximately 950,000+ annual visits, creating greater likelihood of driving additional traffic to the Property.

• The Property is situated amongst numerous successful national retailers in the immediate area. These include, but are not limited to:

  • Walmart Supercenter sits across US-61 and ranks in the 87th percentile statewide per annual visits at over 2.6 million.

  • Just north Raising Cane’s, Whataburger, McDonald’s each see annual visits of 622,000, 395,000, and 574,000 respectively, all extremely high for their respective brands, and for any quick-service restaurant.

  • A half-mile south is Rouses Market which sees over 627,000 annual visits.

Major Area Investment, Home to Fortune 500 Companies | Close Schools & Hospital

• Many area residents work in the neighboring town of Geismar. Geismar is home to numerous major oil, industrial, and agricultural facilities for companies which include Shell, Chevron, ScottsMiracle-Gro, Honeywell, BASF, Nutrien, and many more. Such companies have made plans for, or recently completed, major investments in this area which exceeds $6.5 Billion since 2022 and include, but are not limited to:

  • Nutrien recently announced plans for a $2 Billion facility, the world's largest clean ammonia facility, which is expected to be completed in 2027.

  • Shell, which has a 55+ year history in Geismar, announced plans for a $1.4 Billion expansion at their current production facility.

  • Methanex completed their third methanol plant in 2022 which was a $1.4 Billion investment, totaling $2.5 Billion in Ascension.

  • Chevron completed a $950 Million expansion to their facility in 2023.

  • BASF is currently under construction of a $780 Million expansion that is expected to be complete by the end of 2025.

• Additionally, the Property is approximately 35 minutes from the planned 1,700-acre RiverPlex MegaPark which recently announced over $17 Billion in major investments from Hyundai, CF Industries, and Clean Hydrogen Works:

  • Hyundai plans to invest nearly $6 Billion in a new steel plant which will make Hyundai Ascension’s largest employer with 5,400 total employees and an average salary of $95,000.

  • CF Industries, the world’s largest ammonia producer, plans to invest $4 Billion in a new manufacturing plant which will be one of the world’s largest carbon dioxide capture facilities. CF currently operates the world’s largest and most flexible ammonia and nitrogen production facility nearby in Donaldsonville.

  • Clean Hydrogen Works proposes a $7.5 Billion project for a large-scale hydrogen-ammonia production and export facility.

• The Property is conveniently positioned within 2.5 miles of Gonzales’ local schools which include but are not limited to George W Carver Primary (644 students), Gonzales Primary (496 students), and East Ascension High School (2,157 students) amongst others.

• It is also less than 10 minutes from the Our Lady of the Lake St. Elizabeth Hospital which is Gonzales’ 4th largest employer.