5855 Chef Menteur Hwy - Convenience Store FOR SALE
New Orleans, LA 70126 |
$2,182,000 USD
678-713-4959
5855 Chef Menteur Hwy
New Orleans, LA 70126
HIGHLIGHTS
- This Deal Features an Absolute Triple Net Lease For 12+ More Years, Placing All Responsibility on the Tenant (Zero Landlord Responsibility)
- The Lease Incorporates 2% Annual Rent Escalation, Allowing the Landlord to Benefit From the Growth in Property Value
- The Lease is Guaranteed Corporately By Kings Oil and a Personal Guarantee
- This Site Has Approximately 200,000 Residents Living Within a 5-Mile Radius & Benefits From a High Traffic Count of Over 35,000 VPD
- Located Less Than 5-Miles From the French Quarter and Superdome Which Are Major Tourist Attractions in New Orleans
- C-Store Investments Offer Increased Depreciation Expenses Providing For a Major Tax Incentive (Consult Your CPA)
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer for Sale the 768 SF C-Store Located at 5855 Chef Menteur Highway in New Orleans, LA. This Deal Features an Absolute Triple Net Lease For 12+ More Years, Placing All Responsibility on the Tenant (Zero Landlord Responsibility) and Providing the Landlord With a Steady and Dependable Income, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
FOR SALE DETAILS
PRICE
$2,182,000 USD
PRICE/SF
$3,228 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
C-Store - New Orleans, LA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Freestanding, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.52 AC
LAND SF
22,651 SF
ZONING
commercial
APN/PARCEL ID
3-9W-9-214-26
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678-713-4959
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678-713-4959
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