Ground Floor Poydras St. Restaurant For Lease +/-6,732 SF

Retail-Commercial for Lease
Catylist Listing ID: 30829175
Property Subtypes: Mixed Use, Restaurant, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 6,762 SF
Building Size (RSF): 6,762 SF
Gross Building Area: See Agent
Lease Rate: $50 PSF (Annual)
Base Monthly Rent: $28,175
Lease Types: NNN
In Opportunity Zone? Yes
Last Updated: 3/1/2024

Overview / Comments

#CONFIDENTIAL LISTING#

-Approximately 7 years remaining on the sublease.
-FF&E can be left with property.
-For additional information, please contact the agents with your inquiry and execute a Confidentiality Agreement. The subject is an established and very successful restaurant establishment on Poydras Street in the heart of New Orleans' Central Business District. The business is currently open and running. The Business is NOT FOR SALE. This is an opportunity to sublease a highly desirable ground floor space. Prime location with significant daily traffic counts and good visibility.

Attachments & Media

Expand All Available Space

Suite: 0 6,762 SF $50 PSF (Annual) NNN
Space Available: 6,762 SF
Lease Rate: $50 PSF (Annual)
$28,175 (Monthly)
Lease Type: NNN
Space Description: #CONFIDENTIAL#
For further information, please contact the agents with your inquiry and execute a Confidentiality Agreement. The subject is an established and very successful restaurant establishment on Poydras Street in the heart of New Orleans' Central Business District. The business is currently open and running. THE Business IS NOT FOR SALE. This is an opportunity to sublease a highly desirable ground floor space. Prime location with significant daily traffic counts and good visibility.
Space Subcategory: Mixed Use, Office Building
Date Available: 2/1/2023
Space Type: Sublet
Sublease Expiration Date: 9/13/2030
Kitchen Yes
Operating Expenses $5.59 PSF (Annual)
Rent Escalators Fixed Lease
Rent Escalators Description Rent remains at $50.00/psf until 9/13/2025 Rent increases to $55.00/psf starting 9/14/2025 through 9/14/2029

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Taxing Authority: Orleans Parish
Zoning: CBD-1 CORE CENTRAL BUSINESS DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: Poydras Street
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Excellent
Parking Description: Street Parking, Parking Lots and Parking Garages surround the property.
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System, Package Unit
Internet Access: Cable, DSL, Satellite, T1/T3, Fiber Optic
Interior Description: Fully service restaurant with kitchen and bar.
Zoning Description: The CBD-1 Core Central Business District is intended for high-density, mixed-use development that accommodates a wide range of uses, including large office, financial, and commercial services uses that serve the local, regional, and national markets, as well as multi-family housing, retail, entertainment, hotel, government, and institutional uses.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,416 189,759 406,674
Median Age: 39.84 36.07 36.93
Households: 10,140 83,014 170,439

Contact

Photograph of Listing Agent

Cameron Griffin

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
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