5600 Magazine St | New Orleans, LA 70115
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5600 Magazine St
New Orleans, LA 70115
Whole Foods/15-Yr Lease/AA Credit/Amazon · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Strong Multinational Supermarket Tenant: Whole Foods
- Recently Executed Long Term (15) Year NNN Lease Extension with Rental Increases
- The Subject Property Is One of Two Whole Foods In The City Of New Orleans
- Investment Grade Credit Tenant Amazon, Inc. (S&P “AA”) Guarantees the Whole Foods Lease
- Affluent and Infill New Orleans Location
- Extremely High Store Sales Of Over $1,200 PSF
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
30,300 SF
Building Class
B
Year Built/Renovated
1894/2002
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.42
Lot Size
1.65 AC
Zoning
CU
CU - Historic Urban Neighborhood Business District
Parking
78 Spaces (2.57 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 6-15-1-029-20 | Improvements Assessment | $3,991,070 |
| Land Assessment | $324,000 | Total Assessment | $4,315,070 |
PROPERTY TAXES
Parcel Number
6-15-1-029-20
Land Assessment
$324,000
Improvements Assessment
$3,991,070
Total Assessment
$4,315,070
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