4119 Magazine St - Freestanding FOR SALE


New Orleans, LA 70115- Milan
$1,850,000 USD
504-301-1002
4119 Magazine St, New Orleans, LA for Sale
$1,850,000 USD
Freestanding - FOR SALE
1/16
null | 6.74% Cap Rate

4119 Magazine St
New Orleans, LA 70115
Milan


OVERVIEW

Available for sale, 4119 Magazine Street presents a prime NNN investment opportunity in the heart of the Magazine Street commercial corridor. Occupied by Buffalo Exchange since 2015, the property has over five years remaining on a recently renewed lease, with annual 2.75% rental increases beginning in November. The corporately guaranteed NNN lease requires ownership to maintain only the roof and structure, and a new roof was installed after Hurricane Ida. Featuring high ceilings, abundant natural light, strong street presence, and ample mezzanine office/meeting space, the property offers an exceptional retail environment. Surrounded by a mix of top local and national retailers, restaurants, and businesses—including Waxing the City, Shaya, Neal Auction, Kiehl’s, Warby Parker, Indochino, Free People, and Untuckit—it is located in one of New Orleans’ most vibrant retail corridors, known for its strong demographics and consistent foot traffic.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

6.74%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

HU-B1

APN/PARCEL ID

6-14-2-011-03

ASK ABOUT THIS PROPERTY

Ben Jacobsonben + burkaMore Info
504-301-1002

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Ben Jacobsonben + burkaMore Info
504-301-1002

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