1421 W Airline Hwy - Freestanding FOR SALE


La Place, LA 70068
$2,368,000 USD
914-498-2225
1421 W Airline Hwy, La Place, LA for Sale
$2,368,000 USD
Freestanding - FOR SALE
1/9
null | 6.8% Cap Rate

1421 W Airline Hwy
La Place, LA 70068


HIGHLIGHTS

  • 8+ Years Remaining | Scheduled Rental Increases | Corporate Signed | Well-Known & Established Tenant
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities | Roof Warranty
  • Dense Retail Corridor | Surrounding Shopping Centers | Strong National/Credit Tenant Presence
  • Signalized, Hard Corner Intersection | Centralized Location |2023 Construction | Excellent Visibility & Access
  • Direct Residential Consumer Base |Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, newly built, corporate signed, Aspen Dental investment property located in LaPlace, LA (New Orleans MSA). The tenant, Aspen Dental Management, Inc., recently signed a brand new 10-year lease with 3 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. The building, which opened in April 2023, features a state-of-the-art design using high quality materials. Founded in 1994, Aspen Dental is among the largest general dentistry and denture-related services with over 1,000 locations nationwide.

FOR SALE DETAILS

PRICE

$2,368,000 USD

PRICE/SF

$677 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aspen Dental | 8+yrs Remain Corp NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

Commercial

APN/PARCEL ID

0400354700

ASK ABOUT THIS PROPERTY

Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.