New Orleans Original Daiquiris 620 Terry Pky 1,500 SF Retail Building Gretna, LA 70056 $1,139,100 ($759.40/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple-Net (NNN) Lease | Zero Landlord Responsibilities
- Rental Increases Of Three Percent (3.00%) Annually Beginning In 2030
- Brand New Twenty (20)-Year Lease | Approximately 19.6 Years Remaining | Four (4), Five (5)-Year Options
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a New
Orleans Original Daiquiris located at 620 Terry Pkwy, Terrytown,
LA 70056. The site consists of roughly 1,500 rentable square feet
of building space on an estimated 0.25-acre parcel of land. This
New Orleans Original Daiquiris is subject to a 19.6-year Triple Net
(NNN) lease, which commenced 7/1/2024. The current annual
rent is $85,436 and has scheduled increases of 3.00% annually
starting in year 7.
Orleans Original Daiquiris located at 620 Terry Pkwy, Terrytown,
LA 70056. The site consists of roughly 1,500 rentable square feet
of building space on an estimated 0.25-acre parcel of land. This
New Orleans Original Daiquiris is subject to a 19.6-year Triple Net
(NNN) lease, which commenced 7/1/2024. The current annual
rent is $85,436 and has scheduled increases of 3.00% annually
starting in year 7.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,500 SF
Building Class
C
Year Built
1974
Price
$1,139,100
Price Per SF
$759.40
Cap Rate
7.50%
NOI
$85,436
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.25 AC
Zoning
C2 - Commerical retail
Parking
8 Spaces (5.33 Spaces per 1,000 SF Leased)
Frontage
77’ on Terry Pky
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $15,790 | |
| Land Assessment | $16,440 | Total Assessment | $55,757 |
