Income Producing/ Investment / Stand Alone Building

Retail-Commercial for Sale
Catylist Listing ID: 30833485
Property Subtypes: Free-Standing Building
Building Size (RSF): 3,720 SF
Gross Building Area: See Agent
Gross Land Area: 22,906 SF
Sale Price: $875,000
Unit Price: $235.22 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2023

Overview / Comments

Sale is for real estate with new tenant having a 10 year lease beginning March 2023 with 8.22 CAP Rate. Tenant pays base rent plus NNN charges. Rent increases for last 5 years. Tenant has multiple other locations. Located in the northeast quadrant of I-10 and Gause E. Building is located next to RaceTrac, Outback Steakhouse and Home Depot. Some restrictions apply. Please do not visit building or talk with employees. Call agent to set up appointment.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: c54f98d4-ea07-4504-a7c6-9ed17f3dcb59
Zoning: C4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,151 52,664 79,762
Median Age: 39.29 37.68 38.16
Households: 3,246 19,173 29,415


Photograph of Listing Agent

Michael D D'Amico

Property One Inc Mandeville Metairie, LA 70002
LACDB Member
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