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: 6.05%
Average Occupancy Rate: 100
Last Updated: 11/22/2022

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

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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

Contact

Photograph of Listing Agent

Steve Gao

RE/MAX First Baton Rouge, LA 70816
LACDB Member
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