Walmart Market

Tenant

Unstated

Location

Gretna, LA

Price

$13,877,490

CAP Rate

5.30%

NOI

$735,507

Lease Term

Unstated

Occupancy

100%

Building Size

43,240

Property Type

Single Tenant

Year Built

2015

Lot Size

5.69 Acres

Status

Closed

Property Contacts:

Karly Iacono

Associate Director

201-742-6119 | Email

John Sala

Associate

201-742-6151 | Email

• 15-Year Absolute NNN Lease, No Landlord Responsibilities

• 3% Increases Every 5 Years During Base Term • Includes Drive-Thru Pharmacy and a Six-Pump Walmart Fuel Station, which Provides for Accelerated Depreciation

• Just Off Westbank Expressway with Over 165,000 Cars/Day • Only 5 Minutes to French Quarter and Central Business District in Downtown New Orleans with 384,320 Residents

• Down the Street from Crescent City Connection Bridge, which Links the West Bank of New Orleans to the Rest of the City

• Situated within Primary Retail Corridor Near Oakwood Center Mall that is Anchored by Dillard’s, JCPenney, Sears, Forever 21 and Dick’s Sporting Goods

• Close Proximity to New VA Hospital in New Orleans with 2,000 Employees; Once Fully Developed, Employment will Increase to 10,000 • Daytime Population within 3 Miles is 124,632 and 235,723 within 5 Miles

• Just under 5 Miles from Tulane University the Largest Employer in New Orleans with 4,600 Full time Employees and 13,531 Students

• Surrounded by Thousands of Apartment Units and Several High Schools with Approximately 4,000 Students

• New Orleans is the 6th Largest Port in the U.S., with more than 1.1 Million People Living in the MSA

• New Orleans Population is Expected to Increase by 7% Over the Next 4 Years