Louisiana's Top-Performing Burger King
Retail | 6.00% CAP | 2,789 SqFt
Marketing description
Red Door Realty is pleased to present the exclusive opportunity to acquire the fee simple interest in a single-tenant, absolute NNN Burger King located at 206 E. 1st Street in Thibodaux, Louisiana. The property is leased to GPS Hospitality Partners IV, LLC, one of the largest Burger King franchisees in the United States with more than 475 locations. The tenant recently executed a 15-year lease commencing January 1, 2025, featuring 10% rental increases every five years and four (4) five-year renewal options. The absolute NNN lease structure offers zero landlord responsibilities, making this a passive, management-free investment opportunity.
This location is the #1 performing Burger King in the State of Louisiana and a top 3% location nationally per Placer.ai, generating $3.3 million in 2025 sales. With a rent-to-sales ratio of approximately 5.7% — well below the QSR industry average — the store demonstrates exceptional unit-level profitability. The property underwent a major renovation in 2022 to Burger King's latest brand prototype standards and features a double drive-thru configuration designed to support high customer throughput.
The property sits just off of the signalized hard corner at E. 1st Street (State Highway 1) and Bayou Road with a combined traffic count of approximately 30,000 vehicles per day. The site is surrounded by national retailers including Walmart, Lowe's, ALDI, CVS Pharmacy, Rouses Markets, Five Guys, and Wendy's, and benefits from close proximity to Nicholls State University and Thibodaux Regional Health System.
Investment highlights
- Recently executed 15-year lease commenced January 1, 2025 with four (4) five-year renewal options
- 10% rent increases every five years throughout the base term and option periods, providing strong NOI growth and inflation protection
- Leased to GPS Hospitality (475+ locations) — one of the largest Burger King franchisees in the United States
- Percentage rent of 5% of gross sales activates above a $3,148,000 natural breakeven
- Continued sales growth provides additional percentage rent upside beyond the $157,410 base rent
- Positioned off the intersection of E. 1st Street (Hwy 1) and Bayou Rd
- Combined traffic counts of ~30,000 vehicles per day
- Strong visibility and access within Thibodaux's primary retail corridor
- Surrounded by Walmart, Lowe's, ALDI, CVS, Rouses, Five Guys, Wendy's
- #1 of 138 Burger King locations in Louisiana — verified by Placer.ai
- Ranked 146 of 6,110 nationwide — 97th percentile performance
- $3.3M in 2025 sales. Consistent growth trajectory (+8% YoY, +7.1% Yo3Y)
- 358,600 annual visits across 68,100 unique visitors with 5.26x avg. visit
- Strong store-level performance supports long-term profitability and renewal
- Property features a double drive-thru lane, designed to accommodate high customer throughput and operational efficiency
- Drive-thru service accounts for the majority of QSR sales, making this configuration highly desirable for tenants
- Modern site design aligns with Burger King's latest operating standards
- Tenant responsible for taxes, insurance, CAM, and all maintenance
- Ideal, management-free investment for an out-of-state, passive investor
- True passive investment ideal for out-of-state and 1031 exchange buyers
- Located less than a mile from Nicholls State University, which has over 6,000 students and is a major regional university and economic driver
- Close proximity to Thibodaux Regional Health System, one of the area's largest employers
- The surrounding mix of retail, healthcare, and residential density supports long-term tenant performance
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