Catylist ID: #30365192
Old Metairie Triple NET For Sale
Retail-Commercial for Sale
|Catylist Listing ID:||30365192|
|Property Subtypes:||Restaurant, Other|
|Building Size (RSF):||6,760 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||0.31 Acres|
|Unit Price:||$177.51 PSF|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
• In the heart of Old Metairie next to Old Metairie Village shopping center.
• Neighborhood restaurant with seventeen and a half years of uninterrupted leasing.
• Second floor residence offered for first time. 1,680 SF Rental rate would include all utilities as paid by first floor tenant.
• First floor tenant, 5,080 SF has 2 1/2 years remaining on current term, with one five-year option available at prevailing market rates.
• Restaurant tenant pays all utilities, all taxes and all insurance- a true triple net lease.
• Restaurant tenant current rent is $59,664.
• Market rental for 2nd floor apartment (three bedrooms, one bath, kitchen, living and dining room with all utilities paid is approximately $1,500 per month or $18,000 annually. Some improvements needed.
Attachments & Media
|Nearest MSA:||New Orleans-Metairie|
|Retail Clientele:||General, Family, Business|
|Largest Nearby Street:||Metairie Road|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Total Parking Spaces:||20|
|Heat Type:||Electricity, Natural Gas|
|Air Conditioning:||Engineered System|
|Internet Access:||Cable, DSL|
|Proximity:||1 mile||3 miles||5 miles|
David PorterMonarch Realty Group Metairie, LA 70001
Tom BookhardtUnited Real Estate Partners, LLC Metairie, LA 70001
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