C-Store - New Orleans, LA | 5855 Chef Menteur Hwy
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C-Store - New Orleans, LA 5855 Chef Menteur Hwy
768 SF Retail Building New Orleans, LA 70126 $2,182,000 ($2,841/SF) 7% Cap Rate
Investment Highlights
- This Deal Features an Absolute Triple Net Lease For 12+ More Years, Placing All Responsibility on the Tenant (Zero Landlord Responsibility)
- The Lease is Guaranteed Corporately By Kings Oil and a Personal Guarantee
- Located Less Than 5-Miles From the French Quarter and Superdome Which Are Major Tourist Attractions in New Orleans
- The Lease Incorporates 2% Annual Rent Escalation, Allowing the Landlord to Benefit From the Growth in Property Value
- This Site Has Approximately 200,000 Residents Living Within a 5-Mile Radius & Benefits From a High Traffic Count of Over 35,000 VPD
- C-Store Investments Offer Increased Depreciation Expenses Providing For a Major Tax Incentive (Consult Your CPA)
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer for Sale the 768 SF C-Store Located at 5855 Chef Menteur Highway in New Orleans, LA. This Deal Features an Absolute Triple Net Lease For 12+ More Years, Placing All Responsibility on the Tenant (Zero Landlord Responsibility) and Providing the Landlord With a Steady and Dependable Income, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
768 SF
Building Class
C
Year Built
2000
Price
$2,182,000
Price Per SF
$2,841
Cap Rate
7%
NOI
$152,690
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.52 AC
Zoning
commercial - Commercial
Parking
20 Spaces (26.04 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Kings Oil
- Retailer
- 768 SF
- $225.87
- Jan 2037
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Kings Oil | Retailer | 768 SF | $225.87 | Jan 2037 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 3-9W-9-214-26 | Improvements Assessment | $216,290 |
| Land Assessment | $11,270 | Total Assessment | $227,560 |
PROPERTY TAXES
Parcel Number
3-9W-9-214-26
Land Assessment
$11,270
Improvements Assessment
$216,290
Total Assessment
$227,560
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C-Store - New Orleans, LA | 5855 Chef Menteur Hwy
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