Catylist ID: #30590752
Kenner Fully Leased Retail 9% Cap Rate
Retail-Commercial for Sale
|Catylist Listing ID:||30590752|
|Property Subtypes:||Street Retail|
|Building Size (RSF):||13,350 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||16,771 - 11,700 SF|
|Unit Price:||$104.87 PSF|
|Property Use Type:||Investment|
|Usable Size (USF):||13,350 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
Overview / Comments
Is your coronavirus doubling every 3 days?
Remember the Rule of 72? Divide your rate of return into 72 and that's how long it takes to double your money. So what are today's rates on investments?
*Certificates of Deposit-5 year Hancock/Whitney: 1%.
*Tax-Free Bond-Caddo Parish School Muni due 2040: 2.5%.
*Corporate Bond-Hersey A Rated due 2049: 3.2%.
*Dividend Stock-Entergy @ $100: 3.2%.
*Stock Market-Spider SPY, last 12 months: -6.5%
If the best rate you can get is 3.2%, it takes 22 years to double your money. But now you can double your money in 8 years with the 9% cap rate if you buy 100% leased investment property 2100 3rd street.
See detail in attached comprehensive Marketing Presentation including APOD, ESRI demographics showing drive times, Consumer Expenditure Report and Marketplace Leakage research concluding this property can have a high occupancy rate with tenants needed in the area such as florists, liquor stores and lawn & garden supplies.
Attachments & Media
|Nearest MSA:||New Orleans-Metairie|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Proximity:||1 mile||3 miles||5 miles|
Robert L HandLouisiana Commercial Realty, LLC Metairie, LA 70002
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