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 |
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 |
|
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