New Orleans Original Daiquiris | 6240 LaPalco Blvd
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New Orleans Original Daiquiris 6240 LaPalco Blvd
1,703 SF Retail Building Marrero, LA 70072 $1,065,700 ($626/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 6240 Lapalco Blvd, Marrero,
LA 70072. The site consists of roughly 1,703 rentable square feet
of building space on an estimated 0.52-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 $74,596 and has scheduled increases of 3.00% annually
starting in Year 7 of the lease.
Orleans Original Daiquiris located at 6240 Lapalco Blvd, Marrero,
LA 70072. The site consists of roughly 1,703 rentable square feet
of building space on an estimated 0.52-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 $74,596 and has scheduled increases of 3.00% annually
starting in Year 7 of the lease.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,703 SF
Building Class
C
Year Built
1982
Price
$1,065,700
Price Per SF
$626
Cap Rate
7.50%
NOI
$79,928
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.52 AC
Zoning
MUCD - multi unit commercial
Parking
44 Spaces (25.84 Spaces per 1,000 SF Leased)
Frontage
135 FT on LaPalco
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0420008342 | Improvements Assessment | $19,600 |
| Land Assessment | $23,620 | Total Assessment | $43,220 |
PROPERTY TAXES
Parcel Number
0420008342
Land Assessment
$23,620
Improvements Assessment
$19,600
Total Assessment
$43,220
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New Orleans Original Daiquiris | 6240 LaPalco Blvd
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