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425 Decatur St
19,448 SF of Retail Space Available in New Orleans, LA 70130
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 19,448 SF | Negotiable | $250.68 /SF/YR $20.89 /SF/MO $4,875,225 /YR $406,269 /MO | Triple Net (NNN) |
1st Floor
425 Decatur Street is a three story, ±19,946 SF, mixed use building. The building is listed for sale at $5,000,000, but may also be leased for $30,000/mo NNN. This is a significant development opportunity to transform a historic building in a bustling section of Decatur Street. The first floor of the building contains 7,404 SF and consists of a retail area containing ±3,634 SF and a rear storage area containing ±3,770 SF. The second and third floors are currently in an non-renovated shell state. This area contains ±12,542 SF. The overall condition of the building is considered average/good. The improvements are situated on a ±7,374 SF site.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space In Need of Renovation
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 425 Decatur St , New Orleans, LA 70130
| Total Space Available | 19,448 SF | Gross Leasable Area | 19,946 SF |
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 0.05/1,000 SF |
| Total Space Available | 19,448 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 19,946 SF |
| Year Built | 1950 |
| Parking Ratio | 0.05/1,000 SF |
About the Property
425 Decatur is located within the historic Vieux Carre (French Quarter). The property is currently under lease to separate tenants, both are month to month. The property is zoned VCC-2, Vieux Carre Commercial District. The French Quarter or "Vieux Carré" (old square in French) stretches along the Mississippi River from Canal Street to Esplanade Avenue (13 blocks long) and from the Mississippi River to Rampart Street (10 blocks wide). The French Quarter, created by the City of New Orleans, is internationally known for its architecture, food, and entertainment. The French Quarter is wider (from Canal to Esplanade) than it is deep (from the River to Rampart). Decatur, Bourbon and Royal Streets are the primary streets running parallel to the River through the width of the French Quarter; sections are often closed off to motor vehicles. The main entrance to the Quarter is anchored by Canal Place at Canal and N. Peters with N. Peters turning into Decatur, the only two- lane street in and out of the Quarter. This property is in a prime block of Decatur at it’s widest point and directly across the street from 90% of the FQ parking lots and all of the national retail including but not limited to H&M Clothing and Home Store, Sephora, Urban Outfitters, Vans, etc. In addition, this property is one of only a few large footprints in the Quarter. The typical mixed use property in the Quarter are typically 1200-3000SF, this footprint is extremely large lending itself to multiple uses: large retail, multiple retail uses, restaurant/bar/event space etc. This area known as the Upper Quarter is best known for it’s commercial occupancy, larger hotels, retail properties and restaurants like The Monteleone, The Omni Royal Orleans, The Royal Sonesta, the three phases of Jax Brewery, Galatoires, Brennan’s, Antoinne’s, Arnaud’s etc. while the Lower Quarter has commercial, it’s primarily residential with a combination of single family homes, Bed and Breakfast spots, smaller hotels and smaller multi family structures.
- Signage
Nearby Major Retailers
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425 Decatur St
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