100% Leased NNN Sam's Club Shadow Center (brand new NNN lease)
Shopping Center
for Sale
| Catylist Listing ID: |
30803643 |
| Property Subtypes: |
Community Center, Mixed Use, Neighborhood Center, Net Leased, Strip Center, Other
|
| Building Size (RSF): |
11,130 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1 Acre
|
| Sale Price: |
$5,750,000 |
| Unit Price: |
$516.62 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.1% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
3/17/2023 |
Overview / Comments
Sam's Club shadowed shopping center with excellent building conditions. Great national tenants (with stable & increasing income): Subway, Little Ceasars, XHale City, Boost Mobile, City Gear. All tenants on NNN leases with tenants responsible for property tax, insurance, CAM. Long term leases with a 15% rental increase for Subway and 12% increase for other tenants. High visibility from I-10 with high VPD. Ajacent to Tarco Bell, McDonald's & minutes to New Orleans International Airport.
Special Sale with discouted price! Limited Time Only!
|
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Jefferson |
| Submarket/Township: |
Airport-Metairie-Kenner |
| Zoning: |
C-2 |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Loyola Drive. |
| Highway Access: |
I-10 |
| Airports: |
Louis Armstrong New Orleans International Airport |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Excellent |
| Year Built: |
2014 |
| Construction/Siding: |
Brick |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
18,730 |
94,294 |
172,033 |
| Median Age: |
34.22 |
39.14 |
39.79 |
| Households: |
6,385 |
35,796 |
68,046 |
|
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