4140 General Degaulle Dr - Freestanding FOR SALE


New Orleans, LA 70131- Old Aurora
$1,788,000 USD
559-259-0254
4140 General Degaulle Dr, New Orleans, LA for Sale
$1,788,000 USD
Freestanding - FOR SALE
1/3
null | 6.75% Cap Rate

4140 General Degaulle Dr
New Orleans, LA 70131
Old Aurora


HIGHLIGHTS

  • Tenants: T-Mobile, Navy Federal Credit Union, LA Nails
  • 100% occupied multi-tenant outparcel
  • Located in 227,814 SF shopping center
  • T-Mobile corporate backed lease
  • New lease with Navy Federal Credit Union

OVERVIEW

Introducing the Algiers Plaza at 4100 General De Gaulle Dr, New Orleans, LA 70131 - a prime investment opportunity! This fully occupied multi-tenant outparcel offers a solid 6.75% cap rate, generating an NOI of $120,730. The property features tenants such as T-Mobile, Navy Federal Credit Union, and LA Nails. The property is part of a bustling 227,814 SF shopping center with top anchor tenants like Burlington, Ross, and T-Mobile, ensuring a stable income stream. With a strategic location near major thoroughfares and high traffic visibility, Algiers Plaza is just 5 miles from downtown New Orleans and close to key landmarks like the French Quarter. Additionally, a recent 7-year lease with Navy Federal Credit Union adds to the property's long-term appeal. Don't miss out on this corporate-backed lease opportunity in a high-demand retail hub, perfect for savvy investors looking for a secure and profitable asset.

FOR SALE DETAILS

PRICE

$1,788,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TMobile+Navy Federal Credit Union | 100% Occ.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

C-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John Kourafas, CCIMVisintainer GroupMore Info
559-259-0254

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John Kourafas, CCIMVisintainer GroupMore Info
559-259-0254

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