- Details
- Investment Highlights
- Description
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:
• 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