4150 General Degaulle Dr | New Orleans, LA 70131
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4150 General Degaulle Dr
New Orleans, LA 70131
Buffalo Wild Wings + Firehouse Subs|4 Tenants · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Tenants: Buffalo Wild Wings, Firehouse Subs, Jeff Haberdashery, Republic Finance
- 100% occupied
- Long term leases in place
- Grocery anchored retail shopping center
EXECUTIVE SUMMARY
Introducing 4150 General De Gaulle Drive in New Orleans’ ALGIERS PLAZA.
A prime investment opportunity offering a 6.75% CAP rate on a fully-occupied 14,277 SF retail center in a 227,814 SF shopping plaza. The property features Buffalo Wild Wings, Jeff Haberdashery, Firehouse Subs, and Republic Finance. This grocery-anchored retail center includes national and regional anchor tenants such as Winn-Dixie, Burlington, and more. With long-term leases in place and 72% of tenants secured for the foreseeable future, including recent extensions with tenants like Je?'s Haberdashery and Bu?alo Wild Wings, this property promises stability and growth potential. Strategically positioned near major thoroughfares and just 5 miles from downtown New Orleans, Algiers Plaza offers high visibility with over 80,000 vehicles passing by daily. Don't miss this opportunity to own a high-traffic retail asset in a bustling area close to key amenities and attractions.
A prime investment opportunity offering a 6.75% CAP rate on a fully-occupied 14,277 SF retail center in a 227,814 SF shopping plaza. The property features Buffalo Wild Wings, Jeff Haberdashery, Firehouse Subs, and Republic Finance. This grocery-anchored retail center includes national and regional anchor tenants such as Winn-Dixie, Burlington, and more. With long-term leases in place and 72% of tenants secured for the foreseeable future, including recent extensions with tenants like Je?'s Haberdashery and Bu?alo Wild Wings, this property promises stability and growth potential. Strategically positioned near major thoroughfares and just 5 miles from downtown New Orleans, Algiers Plaza offers high visibility with over 80,000 vehicles passing by daily. Don't miss this opportunity to own a high-traffic retail asset in a bustling area close to key amenities and attractions.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,277 SF
Building Class
B
Year Built/Renovated
1973/2014
Price
$4,820,000
Price Per SF
$338
Cap Rate
6.75%
NOI
$325,255
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.18 AC
Zoning
C-2
Parking
700 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
403 FT on General Degaulle Dr
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,002,330 | |
| Land Assessment | $923,550 | Total Assessment | $2,925,880 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$923,550
Improvements Assessment
$2,002,330
Total Assessment
$2,925,880
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